Forgot that BJT has a further 90 days to remedy any possible breach of covenant on hedging, if over 65%, under 70% gearing. - see ann 1/12/2008. So an extra income of $18.8 would arise in this time to close out further positions (if breach of the remaining forex of 17.7m was to arise simultaneously)
Hope this is a comfort.
BJT
babcock & brown japan property trust
for ex hedges, page-3
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