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1 exchange rate risk
Finthe risk of suffering loss on converting another currency to the currency of a company’s own country.EXAMPLEExchange rate risks can be arranged into three primary categories. (1.) Economic exposure: operating costs will rise due to changes in rates and make a product uncompetitive in the world market. Little can be done to reduce this routine business risk that every enterprise must endure. (2.) Translation exposure: the impact of currency exchange rates will reduce a company’s earnings and weaken its balance sheet. To reduce translation exposure, experienced corporate fund managers use a range of techniques known as currency hedging. (3.) Transaction exposure: there will be an unfavorable move in a specific currency between the time when a contract is agreed and the time it is completed, or between the time when a lending or borrowing is initiated and the time the funds are repaid. Transaction exposure can be eased by factoring: transferring title to foreign accounts receivable to a third-party factoring house.Although there is no definitive way of forecasting exchange rates, largely because the world’s economies and financial markets are evolving so rapidly, the relationships between exchange rates, interest rates, and inflation rates can serve as leading indicators of changes in risk. These relationships are as follows. Purchasing Power Parity theory (PPP): while it can be expressed differently, the most common expression links the changes in exchange rates to those in relative price indices in two countries:Rate of change of exchange rate = Difference in inflation ratesInternational Fisher Effect (IFE): this holds that an interest-rate differential will exist only if the exchange rate is expected to change in such a way that the advantage of the higher interest rate is offset by the loss on the foreign exchange transactions. Practically speaking, the IFE implies that while an investor in a low-interest country can convert funds into the currency of a high-interest country and earn a higher rate, the gain (the interest rate differential) will be offset by the expected loss due to foreign exchange rate changes. The relationship is stated as:Expected rate of change of the exchange rate = Interest-rate differentialUnbiased Forward Rate Theory: this holds that the forward exchange rate is the best unbiased estimate of the expected future spot exchange rate.Expected exchange rate = Forward exchange rate -
2 transaction exposure
Finthe susceptibility of an organization to the effect of foreign exchange rate changes during the transaction cycle associated with the export/import of goods or services. Transaction exposure is present from the time a price is agreed until the payment has been made/received in the domestic currency. -
3 spot transaction
Fina transaction in commodities or foreign exchange for immediate delivery -
4 foreign exchange option
Fina contract which, for a fee, guarantees a worst-case exchange rate for the future purchase of one currency for another. Unlike a forward transaction, the option does not obligate the buyer to deliver a currency on the settlement date unless the buyer chooses to. These options protect against unfavorable currency movements while allowing retention of the ability to participate in favorable movements. -
5 forward transaction
Finan agreement to buy one currency and sell another on a date some time beyond two business days. This allows an exchange rate on a given day to be locked in for a future payment or receipt, thereby eliminating exchange rate risk. -
6 nominal exchange rate
Finthe exchange rate as specified, without adjustment for transaction costs or differences in purchasing power -
7 Commercial Real Estate Structured Transaction
Stock Exchange: CRESTУниверсальный русско-английский словарь > Commercial Real Estate Structured Transaction
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8 Currency Transaction Report
Stock Exchange: CTRУниверсальный русско-английский словарь > Currency Transaction Report
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9 Efficient Financial Transaction
Stock Exchange: EFTУниверсальный русско-английский словарь > Efficient Financial Transaction
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10 Significant Enough Transaction
Stock Exchange: SETУниверсальный русско-английский словарь > Significant Enough Transaction
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11 leverage transaction merchant
Stock Exchange: LTMУниверсальный русско-английский словарь > leverage transaction merchant
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12 Simple Transaction Exchange Protocol
Network technologies: STEPУниверсальный русско-английский словарь > Simple Transaction Exchange Protocol
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13 биржевая операция
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14 биржевая сделка
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15 валютная операция
Русско-английский синонимический словарь > валютная операция
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16 биржевая сделка
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17 биржевая операция
Бизнес, юриспруденция. Русско-английский словарь > биржевая операция
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18 транзакционные издержки (для совершения сделки)
транзакционные издержки (для совершения сделки)
стоимость оформления сделки
Любые издержки, уплаченные сверхоговоренной цены при экономическом обмене. Транзакционные издержки включают в себя затраты напоиск подходящего партнера, проведение переговоров, заключение ивыполнение контракта. К транзакционным издержкам также относятся дополнительные выплаты, как,например, тарифы и специальные пошлины, альтернативные издержки, связанные с потерей времени в бюрократических процедурах
[Упрощение процедур торговли: англо-русский глоссарий терминов (пересмотренное второе издание) НЬЮ-ЙОРК, ЖЕНЕВА, МОСКВА 2011 год]EN
transaction costs
Any costs paid on top of the agreed price in an economic exchange. Transaction costs include the costs of searching for an appropriate exchange opportunity, negotiating a contract and enforcing it. They also contain supplementary payments like tariffs or ad hoc taxes and the opportunity costs of time wasted in dealing with bureaucracy
[Trade Facilitation Terms: An English - Russian Glossary (revised second edition) NEW YORK, GENEVA, MOSCOW 2845]Тематики
Синонимы
EN
Русско-английский словарь нормативно-технической терминологии > транзакционные издержки (для совершения сделки)
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19 биржевая сделка
валютные операции; валютные сделки — exchange transaction
объем сделок; объем операций — magnitude of transactions
Бизнес, юриспруденция. Русско-английский словарь > биржевая сделка
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20 devizna transakcija
См. также в других словарях:
exchange transaction — /ɪks tʃeɪndʒ trænˌzækʃən/ noun a purchase or sale of foreign currency … Marketing dictionary in english
forward exchange transaction — foreign currency purchase or sale at the current exchange rate but with payment or delivery of the foreign currency at a future date. Bloomberg Financial Dictionary … Financial and business terms
transaction — trans·ac·tion /tran zak shən, sak / n 1: something transacted; esp: an exchange or transfer of goods, services, or funds 2 a: an act, process, or instance of transacting b: an action or activity involving two parties or things that reciprocally… … Law dictionary
exchange — ex·change n 1 a: a giving of something of value (as real property) in return for something of equal value (as money or property of a like kind) b in the civil law of Louisiana: a giving of something of value in return for something of equal value … Law dictionary
Transaction — Trans*ac tion, n. [L. transactio, fr. transigere, transactum, to drive through, carry through, accomplish, transact; trans across, over + agere to drive; cf. F. transaction. See {Act}, {Agent}.] 1. The doing or performing of any business;… … The Collaborative International Dictionary of English
Transaction of a society — Transaction Trans*ac tion, n. [L. transactio, fr. transigere, transactum, to drive through, carry through, accomplish, transact; trans across, over + agere to drive; cf. F. transaction. See {Act}, {Agent}.] 1. The doing or performing of any… … The Collaborative International Dictionary of English
Transaction-level modeling — (TLM) is a high level approach to modeling digital systems where details of communication among modules are separated from the details of the implementation of functional units or of the communication architecture. Communication mechanisms such… … Wikipedia
exchange of property — A transaction wherein parties trade goods, or commodities, for other goods, in contrast with a sale or trading of goods for money. Dictionary from West s Encyclopedia of American Law. 2005. exchange of property … Law dictionary
exchange — [n1] trade; deal barter, buying and selling, castling, change, commerce, commutation, conversion, correspondence, dealing, interchange, interdependence, interrelation, network, quid pro quo, rearrangement, reciprocation, reciprocity, replacement … New thesaurus
Transaction Workflow Innovation Standards Team — (Twist) is a not for profit industry standards group. It does not charge anything for involvement. The main goal of Twist is to create non proprietary XML message standards for the financial services industry. To this end it provides a message… … Wikipedia
exchange-rate exposure — exchange rate risk; = foreign exchange rate risk The risk associated with uncertain exchange rates. The three types of risk are transaction exposure, translation exposure, and economic exposure … Accounting dictionary