Hard Loan

• The term Eurocurrency refers to foreign currency deposits held in banks outside their country of origin.

A cession is a transfer of rights or property from one person to another.#

• A currency carry trade is a strategy in which a high-yielding currency finances the trade of a low-yielding currency.

• Currency exchange is a business that allows customers to exchange one currency for another.

• The name defines the monetary unit in which assets, securities and transactions are valued.

• Direct quotation is a quotation of a currency pair in which a foreign currency is expressed per unit of national currency.

• ECN Brokers facilitate transactions that take place on Electronic Communications Networks (ECNs).

• The Euro is the official currency of the European Union (EU), adopted by 19 of the 27 EU member states.

• Euro Overnight Index Average (EONIA) is the average base overnight rate at which European banks lend to each other in euros.

• Eurodollars refer to dollar-denominated accounts in foreign banks or overseas branches of US banks.

• The Exchange Rate Mechanism (ERM) is the way in which governments can influence the relative price of their national currency in foreign exchange markets.

• The floating exchange rate is determined by supply and demand on the open market.

• A currency swap is an agreement between two parties to exchange interest rates on their loans in different currencies.

• Forex is a global trading platform for the exchange of national currencies.

• Foreign exchange risk refers to the losses that an international financial transaction may incur due to fluctuations in foreign exchange rates.

• Forward contracts differ from futures contracts in that they are customizable in terms of size and duration or maturity.

• A forward premium is a situation in which the forward or expected future price of a currency is higher than the spot price.

• The Gibraltar Pound (GIP for short) is the official currency of Gibraltar.

• The Guinean franc (GNF) is the national currency of the African state of Guinea.

• The Hungarian forint is the national currency of Hungary.

• A horizontal spread is a simultaneous long and short position in derivatives for the same underlying asset and strike price, but with different expiration dates.

• ISO currency codes are three-letter alphabetic codes representing the various currencies used throughout the world.

• Indian rupee - the currency of India; INR is the currency code and the currency symbol is ₹.

• An indirect quotation in the foreign exchange markets expresses the amount of foreign currency required to buy or sell one unit of the national currency.

• The interbank market is a global network used by financial institutions to trade currencies and other currency derivatives directly among themselves.