This is the value, as at the relevant date, of both foreign exchange and gold forward contracts, consistent with the classification and measurement basis used for derivatives by institutions in accordance with accounting standards.Outstanding spot transactions should be treated as forward foreign exchange contracts.A Forward contract is an agreement to exchange a predetermined amount of currency, commodity, or other financial instrument at a specified future date and at a predetermined price.A foreign exchange contract is any contract that transfers the exchange rate risk of an underlying asset from one party to another.A gold contract is any contract that transfers the gold price risk associated with an underlying asset from one party to another.Derivatives are generally defined as those instruments/contracts, where the value is based on other products, and/or on prices associated with financial products. Derivative contracts involve:- Future delivery, receipt or exchange of financial items such as cash or another derivative instrument; or- Future exchange of real assets for financial items where the contract may be tradeable and has a market value.The contracts can either be binding on both parties (e.g. as with a currency swap) or subject to the exercise by one party of a right contained within the contract (as with options).Report this item regardless of whether favourable or unfavourable to the reporting entity.