Search results for: “national currency”
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Blocked Currency
A currency that is not freely convertible to other currencies due to exchange controls….
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Reporting Currency
The currency in which the parent firm prepares its own financial statements; that is, U.S. dollars for a U.S. company….
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Reporting Currency
The currency in which the parent firm prepares its own financial statements; that is, U.S. dollars for a U.S. company….
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Multicurrency Loans
Give the borrower the possibility of drawing a loan in different currencies….
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Multicurrency Clause
Such a clause on a Euro loan permits the borrower to switch from one currency to another currency on a rollover date….
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International Banking Facility (Ibf)
International Banking Facility. A branch that an American bank establishes in the United States to do Eurocurrency business….
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Hard Currency
A freely convertible currency that is not expected to depreciate in value in the foreseeable future….
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Functional Currency
As defined by FASB No. 52, an affiliate’s functional currency is the currency of the primary economic environment in which the affiliate generates and expends cash….
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Foreign Currency Translation
The process of restating foreign currency accounts of subsidiaries into the reporting currency of the parent company in order to prepare consolidated financial statements….
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Foreign Currency Option
An option that conveys the right to buy or sell a specified amount of foreign currency at a specified price within a specified time period….
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Eurocurrency Deposit
A short-term fixed rate time deposit denominated in a currency other than the local currency (i.e. US$ deposited in a London bank)….
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Dual-Currency Issues
Eurobonds that pay coupon interest in one currency but pay the principal in a different currency….
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Currency Risk Sharing
An agreement by the parties to a transaction to share the currency risk associated with the transaction. The arrangement involves a customized hedge contract embedded in the underlying transaction….
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Currency Selection
Asset allocation in which the investor chooses among investments denominated in different currencies….
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Currency Arbitrage
Taking advantage of divergences in exchange rates in different money markets by buying a currency in one market and selling it in another market….