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hello everyone hope things are going great with you uh today we would be doing the part on automatic cancellation which involves probably a late delivery or a late extension or a late cancellation which is as per a specific rule of fedex foreign exchange dealers association of india as per fedei rule 8. now this is there in your new course study material from page 9.32 up to page 9.35 some of the most complex pages that you would have seen and this is also there i guess in your old syllabus problems are there even in your practice manually in the old course practice manual so uh we would be doing one problem from the new syllabus study material and one problem which is from the old course practice manual so that you get a fair bit of practice over here its one of the most tricky concepts and it generally involves some level of complexity so before we proceed what are we talking about let us say usually uh you are an importer and uh you have approached a bank for a forward contract so
