Question for anyone who knows the answer 
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If Company A has a forward contract expiring 7/31 to buy GBP1,000,000 for $1,200,000 USD for currency hedging does the company actually have to wire the USD at expiration or if there is a loss/gain on contract can Company A just wire the loss or get wired the gain? Or would this only be valid for a Non-Deliverable contract? For instance, would Company A have to wire say $10 to the bank and then the bank wire say $8 to Company A...or could Company A just simply wire $2 to the bank?? Thanks.
. If Company A has a forward contract expiring 7/31 to buy GBP1,000,000 for $1,200,000 USD for currency hedging does the company actually have to wire the USD at expiration or if there is a loss/gain on contract can Company A just wire the loss or get wired the gain? Or would this only be valid for a Non-Deliverable contract? For instance, would Company A have to wire say $10 to the bank and then the bank wire say $8 to Company A...or could Company A just simply wire $2 to the bank?? Thanks.