Banking Archives - Dictionary of International Trade

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Oanda

Currency converter and calculator tool used by major corporation, tax authorities, auditing firms, and individuals around the world. See exchange rate.

A payment term under which the buyer promises to pay the seller within a predetermined number of days, and the seller does not restrict the availability of documents that control possession rights to the goods. In practice, required documentation is…

Option

In foreign exchange, the contractually agreed upon right to buy (call options) or sell (put options) a specific amount of an underlying instrument at a predetermined price on a specific date (European option) or up to a future date (American…

Original documents

In documentary collections and letters of credit, the requirement for an original document may also be satisfied by the presentation of documents produced or appearing to have been produced originally and marked as “originals” and where necessary appearing to be…

Outright

In foreign exchange, a forward purchase or sale of currency which is not offset by a corresponding spot transaction. i.e. which has not been contracted through swaps. See foreign exchange.

Dictionary of International Trade

Oanda

Open account

Option

Original documents

Outright

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Dictionary of International Trade

Practical Guide to Incoterms