TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

forward forward deposit [1 record]

Record 1 1995-11-08

English

Subject field(s)
  • Banking
DEF

An agreement between two parties whereby one will pay and the other receive an agreed rate of interest on a deposit to be placed by one party with the other at some predetermined date in the future. [Office of the Superintendent of Financial Institutions-Glossary]

OBS

Such deposits are distinct from forward rate agreements in that with forward forwards the deposit is actually placed. [Office of the Superintendent of Financial Institutions-Glossary]

Key term(s)
  • forward/forward deposit

French

Domaine(s)
  • Banque
DEF

Accord entre deux parties en vertu duquel l'une paie et l'autre reçoit un taux d'intérêt convenu sur un dépôt qui doit être placé par une partie auprès de l'autre à une date prédéterminée dans l'avenir. [Bureau du Surintendant des institutions financières-Glossaire].

OBS

Ces dépôts se distinguent des opérations à terme sur taux d'intérêt en ce que dans le cas des dépôts terme contre terme, le dépôt est effectivement fait. [Bureau du Surintendant des institutions financières-Glossaire].

Spanish

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