Financial and business terms. 2012.
Currency transaction tax — For the more specific types of currency transaction taxes , see Tobin tax and Spahn tax. See also: Financial transaction tax A currency transaction tax is a tax placed on a specific type of currency transaction for a specific purpose. This term… … Wikipedia
Spot-future parity — (or spot futures parity) is a parity condition that should theoretically hold, or opportunities for arbitrage exist. Spot future parity is an application of the law of one price. In plain English, if I can purchase a good today for price S and… … Wikipedia
Spot Date — The day when a spot transaction is typically settled, meaning when the funds involved in the transaction are transferred. The spot date is calculated from the horizon, which is the date when the transaction is initiated. In forex, the spot date… … Investment dictionary
Currency Exchange — A business that allows customers to exchange one currency for another currency. A currency exchange may be a stand alone business or may be part of the services offered by a bank or other financial institution. The currency exchange profits from… … Investment dictionary
Currency pair — Foreign exchange Exchange rates Currency band Exchange rate Exchange rate regime Exchange rate flexibility Dollarization Fixed exchange rate Floating exchange rate Linked exchange rate Managed float regime Markets Foreign exchange market Futures… … Wikipedia
Spot date — In Finance the Spot Date is the normal settlement day for a transaction done today. This kind of transaction is referred to as a Spot Transaction or simply Spot.The Spot Date may be different for different types of financial transacions. In the… … Wikipedia
spot transaction — A foreign exchange transaction in which each party promises to pay a certain amount of currency to the other on the same day or within one or two days. Bloomberg Financial Dictionary … Financial and business terms
Cross-Currency Settlement Risk — A type of settlement risk in which a party involved in a foreign exchange transaction remits the currency it has sold, but does not receive the currency it has bought. In cross currency settlement risk, the full amount of the currency purchased… … Investment dictionary
Reciprocal Currency Arrangement — Temporary arrangement between central banks to maintain a supply of a country’s currency for trade with other central banks at a specified exchange rate. A reciprocal currency arrangement is only intended for overnight or short term lending … Investment dictionary
Exchange rate — Foreign exchange Exchange rates Currency band Exchange rate Exchange rate regime Exchange rate flexibility Dollarization Fixed exchange rate Floating exchange rate Linked exchange rate Managed float regime Markets Foreign exchange market Futures… … Wikipedia
