Exchange quotations: Direct and Indirect Quotations, Two way Quotation
Exchange rate quotations can be quoted in two ways; Direct quotation and Indirect quotation. Direct Quote A direct quote is a foreign exchange rate quoted …
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Exchange rate quotations can be quoted in two ways; Direct quotation and Indirect quotation. Direct Quote A direct quote is a foreign exchange rate quoted …
A customer under forward exchange contract knows in advance the time and amount of foreign exchange to be delivered and the customer is bound by …
A forward exchange contract (FEC) is a special type of over-the-counter (OTC) foreign currency (forex) transaction entered into in order to exchange currencies that are …
The forward margin, or forward spread, reflects the difference between the spot rate and the forward rate for a certain commodity or currency. The difference …
The merchant discount rate, or MDR, is the rate charged to a merchant for the payment processing of debit and credit card transactions. The service …
The Foreign Exchange Regulation Act (FERA) was legislation passed in India in 1973 that imposed strict regulations on certain kinds of payments, the dealings in …
Authorised Money Changers/ AMCs are entities who are authorised by the Reserve Bank of India as per Section 10 of the Foreign Exchange Management Act …
Convertibility of rupee In 1991-92 the GOI adopted a dual exchange rate system under which the official rate of exÂchange was controlled and the market …
Foreign Currency Account (FCA) is a transactional account denominated in a currency other than the home currency and can be maintained by a bank in …
Interest rate parity (IRP) is a theory according to which the interest rate differential between two countries is equal to the differential between the forward …