Features and Functionality
The foreign banks representative who regularly performs services for a bank which has no branch in the relevant centre, e. Citibank may refuse the Dual Currency Deposit without giving a reason for doing so. Cost of Living Index: Also referred as the "hedge ratio".
Current Balance: It shows the current market position for the forex inter bank rate. Black-Scholes Model: Chicago Board of Trade. In the foreign exchange market brokers tend to act as intermediaries between banks bringing buyers and sellers together for a commission paid by the initiator or by both parties.
An instruction given to a dealer to buy or sell at the best rate that is currently available in the market. The price of a financial instrument at which the option buyer recovers the premium, meaning that he makes neither a loss nor a gain. Capital Account: A finance charge associated with the storing of commodities or foreign exchange contracts from one delivery date to another.
At OFX, our margins are substantially less, so the more you use our service the more you save. Bank Line: The interbank rate is the constantly fluctuating price at which banks trade currencies with each other.
Select the strike from the table or enter your own strike. A procedure for settling futures contract where the cash difference between the future and the market price is paid instead of physical delivery.
A systematic record of the economic transactions during a given period for a country. Are not insured by the state. You can get more details on Dual Currency Deposit from your Relationship Manager or by calling our CitiPhone brokerage line on weekdays between 10 a.
When exchanging one currency for another, we use direct exchange rates quoted in the global FX market in real time, which allows us to avoid charging for double conversion.
When the forward price is equivalent to the spot price. The issue of derivatives and their control following large losses by banks and corporates has been subject of much debate.
In some circumstances for government auctions it is the yield rather than the price which is bid. Country Risk: A cross-trade transaction is a transaction where either the buy broker and the sell broker are the same, or the buy broker and the sell broker belong to the same firm.
Certificate exchangeable for dividends. Types of Exchange Rates There are 3 major types of exchange rates systems which governments employ to determine the market value of their currencies. Less than the spot price.
Butterfly Spread: Declaration Date: Credit Risk: It is based on the theorem of interest rate parity one of the key theoretical economic relationships which says that the return on a hedged foreign investment will just equal the domestic interest rate on investments of identical risk.
The day trading rate has reached the Stop-Loss or Take Profit rate you predefined. The forex inter bank rate of a transaction by receipt or tender of a financial instrument or currency.
CDs may normally be redeemed before maturity only by sale on the secondary market but may also be redeemed back to issuing bank through payment of a penalty. Coincident Indicator: Direct Quotation: The bid-ask spread is stated as a percentage cost of transacting in foreign exchange.
Correspondent Bank: The trade basically consists of two options spread transactions with either three or four different options months and strikes at one differential CBOE: Our Trend Indicator is updated every 15 minutes. An option pricing formula initially derived by Fisher Black and Myron Scholes for securities options and later refined forex inter bank rate Black for options on futures.
Ask is the lowest price acceptable to the buyer.
A person go forex app download believes that prices will decline. A memorandum to the other party describing all the relevant details of the transaction. Make an informed decision and make the most of your money.
An individual who studies graphs and charts of historic data to find trends and predict trend reversals which include the observance of certain patterns and characteristics of the charts to derive resistance levels, head and shoulders patterns, and double bottom or double top patterns which are thought to indicate trend reversals.
Basis Price: Past performance is not indicative of future results.
Sterling bonds issued in the UK by foreign institutions. Currency Basket: A system used where foreign currency is limited.
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A broad term relating to risk management instruments such as futures, options, swaps, etc. Central Bank: The deal end date. An option which may be exercised at any valid business date throughout the life of the option. Deal Ticket: Because they are real time Prices are updated live, tick-by-tick. In Europe and Asia, cash transactions are often referred to as value same day deals.
Forex inter bank rate