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FrançaisThe standby letter of credit is very similar in nature to a guarantee. The beneficiary can claim payment in the event that the principal does not comply with its obligations to the beneficiary. Payment can usually be realized against presentation…
Read MoreStop loss order
An order to buy (on a short position) or to sell (on a long position) foreign exchange if the rate rises above or falls below a specific limit. As soon as the rate reaches the prescribed limit, the order will…
Read MoreStraight L/C
A letter of credit payable only at the opening bank or at a bank specified within the credit. See letter of credit.
Read MoreStrike price
Price at which the option buyer obtains the right to purchase (call option) or sell (put option) the underlying security or currency.
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