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Derivative Contract Information | 6 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2018 | Sep. 30, 2017
Derivative Contract Information | 8. Derivative Contract Information For the three and six months ended March 31, 2018, the effect of derivative contracts on the Fund’s Statement of Operations was as follows:
Risk exposure derivative type |  | Location of Gain or Loss on Derivatives Recognized in Income |  | Three months ended Mar-31, 2018 |  |  | Three months ended Mar-31, 2017 |  |  | Six months ended Mar-31, 2018 |  |  | Six months ended Mar-31, 2017 |
(Amounts in 000’s of US$) |  |  |  |  |  |  |  |  |  |  |
Currency Risk |  | Net Realized gain/(loss) on Gold Delivery Agreement |  | $ | (415 | ) |  | $ | (86 | ) |  | $ | (533 | ) |  | $ | (86 | )
The table below summarizes the average daily notional value of derivative contracts outstanding during the period:
|  | Three months ended Mar-31, 2018 |  |  | Fiscal period ended Sep-30, 2017 |
(Amounts in 000’s of US$) |  |  |  |  |  |
Average notional |  | $ | 18,106 |  |  | $ | 22,963 |
The notional of the contract varies daily based on the value of gold held at the Custodian. At March 31, 2018, as well as the fiscal period ended September 30, 2017, the Fund’s over-the-counter (“OTC”) derivative assets and liabilities are as follows:
|  | Gross Amounts of Assets and Liabilities Presented in the Statement of Financial Condition |
|  | Assetsa |  |  | Liabilitiesa |
Derivatives |  |  |  |  |  |  |  |
Gold Delivery Agreement |  | $ | — |  |  | $ | — |
a | Absent an event of default or early termination, OTC derivative assets and liabilities are presented gross and not offset on the Statement of Financial Condition.
At March 31, 2018, as well as the fiscal period ended September 30, 2017, the Fund’s OTC derivative assets, which may offset against the Fund’s OTC derivative liabilities and collateral received from the counterparty, are as follows:
|  |  |  |  | Amounts Not Offset in the Statement of Financial Condition |  |  |  |
|  | Gross Amounts of Assets Presented in the Statement of Financial Condition |  |  | Financial Instruments Available for Offset |  |  | Financial Instruments Collateral Received |  |  | Cash Collateral Received |  |  | Net Amount |
Counterparty |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Merrill Lynch International |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
At March 31, 2018, as well as the fiscal period ended September 30, 2017, the Fund’s OTC derivative liabilities, which may offset against the Fund’s OTC derivative assets and collateral pledged from the counterparty, are as follows:
|  |  |  |  | Amounts Not Offset in the Statement of Financial Condition |  |  |  |
|  | Gross Amounts of Liabilities Presented in the Statement of Financial Condition |  |  | Financial Instruments Available for Offset |  |  | Financial Instruments Collateral Pledged |  |  | Cash Collateral Pledged |  |  | Net Amount |
Counterparty |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Merrill Lynch International |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
| 9. Derivative Contract Information For the fiscal period ended September 30, 2017, the effect of derivative contracts in the Fund’s Statement of Operations was as follows:
Risk exposure derivative type |  | Location of Gain or Loss on Derivatives Recognized in Income |  | Fiscal Period Ended Sept-30, 2017 |
(Amounts in 000’s of US$) |  |  |  |  |
Currency Risk |  | Net Realized gain/(loss) on Gold Delivery Agreement |  | $ | (1,833 | )
The table below summarizes the average daily notional value of derivative contracts outstanding during the period:
|  | Fiscal Period Ended Sept-30, 2017 |
(Amounts in 000’s of US$) |  |  |
Average notional |  | $ | 22,963 |
The notional of the contract varies daily based on the amount of gold held at the Custodian. At September 30, 2017, the Fund’s over-the-counter (“OTC”) derivative assets and liabilities were as follows:
|  | Gross Amounts of Assets and Liabilities Presented in the Statement of Financial Condition |
|  | Assetsa |  |  | Liabilitiesa |
Derivatives |  |  |  |  |  |  |  |
Gold Delivery Agreement |  | $ | — |  |  | $ | — |
a | Absent an event of default or early termination, OTC derivative assets and liabilities are presented gross and not offset in the Statement of Financial Condition.
At September 30, 2017, the Fund’s OTC derivative assets, which may offset against the Fund’s OTC derivative liabilities and collateral received from the counterparty, were as follows:
|  |  |  |  | Amounts Not Offset in the Statement of Financial Condition |  |  |  |
|  | Gross Amounts of Assets Presented in the Statement of Financial Condition |  |  | Financial Instruments Available for Offset |  |  | Financial Instruments Collateral Received |  |  | Cash Collateral Received |  |  | Net Amount |
Counterparty |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Merrill Lynch International |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
At September 30, 2017, the Fund’s OTC derivative liabilities, which may offset against the Fund’s OTC derivative assets and collateral pledged from the counterparty, were as follows:
|  |  |  |  | Amounts Not Offset in the Statement of Financial Condition |
|  | Gross Amounts of Liabilities Presented in the Statement of Financial Condition |  |  | Financial Instruments Available for Offset |  |  | Financial Instruments Collateral Pledged |  |  | Cash Collateral Pledged |  |  | Net Amount |
Counterparty |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Merrill Lynch International |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
SPDR Long Dollar Gold Trust [Member] |  |
Derivative Contract Information | 8. Derivative Contract Information For the three and six months ended March 31, 2018, the effect of derivative contracts on the Fund’s Statement of Operations was as follows:
Risk exposure derivative type |  | Location of Gain or Loss on Derivatives Recognized in Income |  | Three months ended Mar-31, 2018 |  |  | Three months ended Mar-31, 2017 |  |  | Six months ended Mar-31, 2018 |  |  | Six months ended Mar-31, 2017 |
(Amounts in 000’s of US$) |  |  |  |  |  |  |  |  |  |  |
Currency Risk |  | Net Realized gain/(loss) on Gold Delivery Agreement |  | $ | (415 | ) |  | $ | (86 | ) |  | $ | (533 | ) |  | $ | (86 | )
The table below summarizes the average daily notional value of derivative contracts outstanding during the period:
|  | Three months ended Mar-31, 2018 |  |  | Fiscal period ended Sep-30, 2017 |
(Amounts in 000’s of US$) |  |  |  |  |  |
Average notional |  | $ | 18,106 |  |  | $ | 22,963 |
The notional of the contract varies daily based on the value of gold held at the Custodian. At March 31, 2018, as well as the fiscal period ended September 30, 2017, the Fund’s over-the-counter (“OTC”) derivative assets and liabilities are as follows:
|  | Gross Amounts of Assets and Liabilities Presented in the Statement of Financial Condition |
|  | Assetsa |  |  | Liabilitiesa |
Derivatives |  |  |  |  |  |  |  |
Gold Delivery Agreement |  | $ | — |  |  | $ | — |
a | Absent an event of default or early termination, OTC derivative assets and liabilities are presented gross and not offset on the Statement of Financial Condition.
At March 31, 2018, as well as the fiscal period ended September 30, 2017, the Fund’s OTC derivative assets, which may offset against the Fund’s OTC derivative liabilities and collateral received from the counterparty, are as follows:
|  |  |  |  | Amounts Not Offset in the Statement of Financial Condition |  |  |  |
|  | Gross Amounts of Assets Presented in the Statement of Financial Condition |  |  | Financial Instruments Available for Offset |  |  | Financial Instruments Collateral Received |  |  | Cash Collateral Received |  |  | Net Amount |
Counterparty |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Merrill Lynch International |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
At March 31, 2018, as well as the fiscal period ended September 30, 2017, the Fund’s OTC derivative liabilities, which may offset against the Fund’s OTC derivative assets and collateral pledged from the counterparty, are as follows:
|  |  |  |  | Amounts Not Offset in the Statement of Financial Condition |  |  |  |
|  | Gross Amounts of Liabilities Presented in the Statement of Financial Condition |  |  | Financial Instruments Available for Offset |  |  | Financial Instruments Collateral Pledged |  |  | Cash Collateral Pledged |  |  | Net Amount |
Counterparty |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Merrill Lynch International |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
| 9. Derivative Contract Information For the fiscal period ended September 30, 2017, the effect of derivative contracts in the Fund’s Statement of Operations was as follows:
Risk exposure derivative type |  | Location of Gain or Loss on Derivatives Recognized in Income |  | Fiscal Period Ended Sept-30, 2017 |
(Amounts in 000’s of US$) |  |  |  |  |
Currency Risk |  | Net Realized gain/(loss) on Gold Delivery Agreement |  | $ | (1,833 | )
The table below summarizes the average daily notional value of derivative contracts outstanding during the period:
|  | Fiscal Period Ended Sept-30, 2017 |
(Amounts in 000’s of US$) |  |  |
Average notional |  | $ | 22,963 |
The notional of the contract varies daily based on the amount of gold held at the Custodian. At September 30, 2017, the Fund’s over-the-counter (“OTC”) derivative assets and liabilities were as follows:
|  | Gross Amounts of Assets and Liabilities Presented in the Statement of Financial Condition |
|  | Assetsa |  |  | Liabilitiesa |
Derivatives |  |  |  |  |  |  |  |
Gold Delivery Agreement |  | $ | — |  |  | $ | — |
a | Absent an event of default or early termination, OTC derivative assets and liabilities are presented gross and not offset in the Statement of Financial Condition.
At September 30, 2017, the Fund’s OTC derivative assets, which may offset against the Fund’s OTC derivative liabilities and collateral received from the counterparty, were as follows:
|  |  |  |  | Amounts Not Offset in the Statement of Financial Condition |  |  |  |
|  | Gross Amounts of Assets Presented in the Statement of Financial Condition |  |  | Financial Instruments Available for Offset |  |  | Financial Instruments Collateral Received |  |  | Cash Collateral Received |  |  | Net Amount |
Counterparty |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Merrill Lynch International |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
At September 30, 2017, the Fund’s OTC derivative liabilities, which may offset against the Fund’s OTC derivative assets and collateral pledged from the counterparty, were as follows:
|  |  |  |  | Amounts Not Offset in the Statement of Financial Condition |
|  | Gross Amounts of Liabilities Presented in the Statement of Financial Condition |  |  | Financial Instruments Available for Offset |  |  | Financial Instruments Collateral Pledged |  |  | Cash Collateral Pledged |  |  | Net Amount |
Counterparty |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Merrill Lynch International |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |

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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI http://asc.fasb.org/topic&trid=2229140 + Details
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- Details
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