If an MNC desires to offset a forward contract that it previously created, it can simply ignore its obligation.

Name: If an MNC desires to offset a forward contract that it previously created, it can simply ignore its obligation.
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Ignoring a forward contract obligation is not a valid way to offset a contract. The MNC would need to enter into an equal and opposite forward contract to effectively offset the first contract.

If an MNC Desires to Offset a Forward Contract That