Types and differences of foreign exchange transactions
- 8월 31, 2017
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Types and differences of foreign exchange transactions
1. Customer transactions and inter-bank transactions
Customer transactions: Fair exchange rates and fixed rates as foreign exchange transactions between banks and individuals or companies
Transactions between banks: As a large-scale transaction, the exchange rate fluctuates freely according to the supply and demand of foreign exchange.
2. Direct transactions between banks and transactions via brokers
Direct transactions between banks have the advantage of providing a close working relationship.
A brokerage transaction does not have to create a market and place a trading order by presenting the price.
3. Intra-Company Transactions and OTC Transactions
Intra-Intra-transaction: Foreign exchange trading is conducted by trading at a stock exchange on a daily basis
Over-the-counter transactions: Foreign exchange transactions that are not in a specific place
4. Spot, forward, swap transactions
Spot transaction: A transaction in which the spot transaction is due within two business days after the contract is concluded
Forward transaction: A transaction in which the settlement of the spot is made in excess of two business days after the sale contract
Swap transactions: Buying and selling (selling) spot futures contracts to sell futures
5. Futures trading and options trading
Foreign exchange futures trading: A contract that pledges to buy in kind at a fixed price at a future date
Currency Options Transactions: Contractual rights to buy or sell a certain amount of currency at a fixed price within a certain period or during a certain period
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