TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 DEF

The arrangement of a forward foreign exchange contract to protect a buyer or seller of foreign currency from unexpected fluctuations in the exchange rate.  3, record 1, English, - forward%20cover

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 DEF

Contrat conclu entre une entreprise et sa banque en vertu duquel des devises sont achetées ou vendues par avance, à un cours fixé et à une échéance déterminée, moyennant un report ou un déport variable selon la devise et la durée du contrat.  2, record 1, French, - couverture%20de%20change%20%C3%A0%20terme

Record 1,  Textual support,  Spanish

Record number: 1, Textual support number: 1 DEF

Concertación de un contrato de cambio de divisas a plazos para proteger al comprador o vendedor de divisas de fluctuaciones inesperadas en el tipo de cambio.  1, record 1, Spanish, - cobertura%20a%20plazo

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 DEF

Forward contracts, traded on an organized exchange, to purchase or sell commodities, foreign exchange or future interest rate streams.  3, record 2, English, - futures%20contract

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 DEF

Contrat à terme négocié sur un marché organisé, caractérisé par une quantité ou un montant standardisé d'un certain sous-jacent et par une échéance standardisée.  2, record 2, French, - contrat%20%C3%A0%20terme%20standardis%C3%A9

Record number: 2, Textual support number: 1 CONT

Les contrats à terme comprennent les intérêts, devises, actions, matières premières, etc.  4, record 2, French, - contrat%20%C3%A0%20terme%20standardis%C3%A9

Record number: 2, Textual support number: 2 CONT

Le «contrat standardisé», dont les modalités sont fixées par une bourse, se distingue du «contrat de gré à gré», celui-ci étant assorti de conditions sur mesure négociées directement entre les parties au contrat. Dans la majorité des cas, il y a dénouement avant l'échéance, sans qu'il y ait livraison du sous-jacent. Parmi les «contrats à terme standardisés», on distingue les «contrats à terme sur devises, les «contrats à terme sur taux d'intérêt», les «contrats à terme sur indice boursier» et les «contrats à terme sur marchandises».  2, record 2, French, - contrat%20%C3%A0%20terme%20standardis%C3%A9

Record 2,  Textual support,  Spanish

Record number: 2, Textual support number: 1 DEF

Contrato que promete la entrega de una cantidad de mercancía o un instrumento financiero a tasa fija en el futuro.  2, record 2, Spanish, - contrato%20de%20futuros

Record number: 2, Textual support number: 1 CONT

Los contratos de futuros abarcan intereses, divisas, acciones, materias primas, etcétera.  3, record 2, Spanish, - contrato%20de%20futuros

Record number: 2, Textual support number: 1 OBS

contrato de futuros: término extraído del CAPITAL Business Dictionary con la autorización de LID Editorial Empresarial.  4, record 2, Spanish, - contrato%20de%20futuros

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 DEF

A purchase or sale of foreign currency for ready delivery.  4, record 3, English, - spot%20exchange%20transaction

Record number: 3, Textual support number: 1 CONT

Turnover dates are requested for foreign exchange spot transactions and for foreign exchange and interest rate derivatives only.  3, record 3, English, - spot%20exchange%20transaction

Record number: 3, Textual support number: 1 OBS

In practice, market usage normally prescribes settlement within two working days.  4, record 3, English, - spot%20exchange%20transaction

Record 3,  Textual support,  French

Record number: 3, Textual support number: 1 DEF

Achat ou vente d'une devise à une date de valeur ne dépassant pas deux jours ouvrables à partir de la date de conclusion de l'opération.  2, record 3, French, - op%C3%A9ration%20de%20change%20au%20comptant

Record 3,  Textual support,  Spanish

Record 4,  Textual support,  English

Record number: 4, Textual support number: 1 DEF

The rate, established by the monetary authorities of a country, at which domestic currency may be exchanged for foreign currency. Where there are no currency controls, the official exchange rate is taken to be the market rate. The official exchange rate would always be used in financial analysis.  3, record 4, English, - official%20rate%20of%20exchange

Record 4,  Textual support,  French

Record 4,  Textual support,  Spanish

Record number: 4, Textual support number: 1 DEF

Tipo establecido por las autoridades monetarias de un país, al que se puede cambiar la moneda nacional por la extranjera. En aquellos casos en que no hay controles monetarios, se considera que el tipo de cambio oficial es la tasa de cambio. El tipo de cambio oficial se utilizaría siempre en el análisis financiero.  3, record 4, Spanish, - tasa%20de%20cambio%20oficial

Record 5,  Textual support,  English

Record number: 5, Textual support number: 1 DEF

Insurance issued to a new client or new insurance issued to an existing client.  2, record 5, English, - new%20business

Record number: 5, Textual support number: 1 CONT

In 2017, the major contributors to the increase in net insurance contract liabilities were the impact of new business[, ] foreign exchange rate changes... and business to/from affiliates...  3, record 5, English, - new%20business

Record 5,  Textual support,  French

Record number: 5, Textual support number: 1 DEF

Contrat conclu avec un nouvel assuré ou nouveau contrat conclu avec un assuré existant.  3, record 5, French, - affaire%20nouvelle

Record number: 5, Textual support number: 1 CONT

En 2017, le principal facteur à la base de l'augmentation du montant net des passifs relatifs aux contrats d'assurance a été l'incidence combinée des nouvelles affaires[,] des fluctuations des taux de change[,] de même que des transferts d'affaires avec des sociétés liées [...]  2, record 5, French, - affaire%20nouvelle

Record number: 5, Textual support number: 1 OBS

nouvelle affaire : Selon le Centre linguistique de l'Institut d’assurance de dommages du Québec, cette désignation est à proscrire. Par contre, son usage est très répandu dans le domaine de l'assurance.  3, record 5, French, - affaire%20nouvelle

Record number: 5, Textual support number: 2 OBS

affaire nouvelle; nouvelle affaire : désignations habituellement utilisées au pluriel.  3, record 5, French, - affaire%20nouvelle

Record 5,  Textual support,  Spanish

Record number: 5, Textual support number: 1 OBS

Generalmente se da este nombre a las operaciones nuevas de seguro, para distinguirlas de las que componen la cartera (es decir, las conseguidas en años anteriores).  1, record 5, Spanish, - nueva%20emisi%C3%B3n

Record 6,  Textual support,  English

Record number: 6, Textual support number: 1 DEF

The assets denominated in foreign currency, plus gold, held by a central bank, sometimes for the purpose of intervening in the exchange market to influence or peg the exchange rate.  2, record 6, English, - international%20reserve

Record number: 6, Textual support number: 1 OBS

international reserve: term usually used in the plural.  3, record 6, English, - international%20reserve

Record 6,  Textual support,  French

Record number: 6, Textual support number: 1 CONT

Les réserves internationales d'un pays se composent des [...] avoirs extérieurs qui sont à la disposition immédiate et sous le contrôle des autorités monétaires et qui leur permettent de financer directement les déséquilibres des paiements, de régulariser indirectement l'ampleur de ces déséquilibres au moyen d'interventions sur le marché des changes [...] et de parer à d'autres besoins[.]  2, record 6, French, - r%C3%A9serve%20internationale

Record number: 6, Textual support number: 1 OBS

réserve internationale : terme habituellement utilisé au pluriel.  3, record 6, French, - r%C3%A9serve%20internationale

Record 6,  Textual support,  Spanish

Record 7,  Textual support,  English

Record number: 7, Textual support number: 1 DEF

Nominal effective foreign exchange value of the dollar(a trade-weighted exchange rate) multiplied by the ratio of the US consumer price index to the foreign consumer price index. Below 100 the dollar depreciates in real terms; above 100 it appreciates in real terms.  2, record 7, English, - real%20effective%20exchange%20rate

Record 7,  Textual support,  French

Record 7,  Textual support,  Spanish

Record 8,  Textual support,  English

Record number: 8, Textual support number: 1 OBS

foreign exchange floating rate note; FX FRN : term and abbreviation extracted from the “Glossaire de l'économie” and reproduced with permission of the Organisation for Economic Co-operation and Development.  2, record 8, English, - foreign%20exchange%20floating%20rate%20note

Record 8,  Textual support,  French

Record number: 8, Textual support number: 1 OBS

obligation à taux référencé à un cours de change : terme extrait du «Glossaire de l’économie» et reproduit avec l’autorisation de l’Organisation de coopération et de développement économiques.  2, record 8, French, - obligation%20%C3%A0%20taux%20r%C3%A9f%C3%A9renc%C3%A9%20%C3%A0%20un%20cours%20de%20change

Record 8,  Textual support,  Spanish

Record 9,  Textual support,  English

Record number: 9, Textual support number: 1 OBS

currency quantity adjusting option; QUANTO; fixed exchange rate foreign equity option : terms and abbreviation extracted from the “Glossaire de l'économie” and reproduced with permission of the Organisation for Economic Co-operation and Development.  2, record 9, English, - currency%20quantity%20adjusting%20option

Record 9,  Textual support,  French

Record number: 9, Textual support number: 1 OBS

option sur action étrangère à couverture de change fixe : terme extrait du «Glossaire de l’économie» et reproduit avec l’autorisation de l’Organisation de coopération et de développement économiques.  2, record 9, French, - option%20sur%20action%20%C3%A9trang%C3%A8re%20%C3%A0%20couverture%20de%20change%20fixe

Record 9,  Textual support,  Spanish

Record 10,  Textual support,  English

Record number: 10, Textual support number: 1 DEF

The shadow price of foreign exchange; it reflects the foreign exchange premium. The shadow exchange rate is the official exchange rate multiplied by 1 plus the foreign exchange premium stated in decimal form.  2, record 10, English, - shadow%20exchange%20rate

Record number: 10, Textual support number: 1 OBS

shadow exchange rate: term extracted from the “Glossaire de l’économie” and reproduced with permission of the Organisation for Economic Co-operation and Development.  3, record 10, English, - shadow%20exchange%20rate

Record 10,  Textual support,  French

Record number: 10, Textual support number: 1 OBS

taux de change de référence : terme extrait du «Glossaire de l’économie» et reproduit avec l’autorisation de l’Organisation de coopération et de développement économiques.  3, record 10, French, - taux%20de%20change%20de%20r%C3%A9f%C3%A9rence

Record 10,  Textual support,  Spanish

Record number: 10, Textual support number: 1 DEF

El precio de cuenta de las divisas, [que] refleja la prima cambiaria. El tipo de cambio de cuenta es el tipo de cambio oficial multiplicado por 1 más la prima cambiaria expresada en forma decimal.  2, record 10, Spanish, - tipo%20de%20cambio%20de%20cuenta

Record 11,  Textual support,  English

Record number: 11, Textual support number: 1 DEF

In the foreign exchange market, it is the margin between two currencies and applicable when the forward rate of one currency is cheaper and the discount is added to the spot rate. [Klein, Gerald. Dictionary of Banking. Pitman Publishing, 1995]  3, record 11, English, - discount

Record 11,  Textual support,  French

Record number: 11, Textual support number: 1 DEF

Différence entre le cours d'une devise sur le marché des changes et le prix de cette devise à terme, quand cette différence est négative. [...] «Il y a déport quand le prix du terme est inférieur au cours du comptant».  4, record 11, French, - d%C3%A9port

Record number: 11, Textual support number: 1 OBS

déport : terme normalisé par l'AFNOR.  5, record 11, French, - d%C3%A9port

Record 11,  Textual support,  Spanish

Record 12,  Textual support,  English

Record number: 12, Textual support number: 1 DEF

Currency with an international foreign exchange rate that is higher than expected, in light of macroeconomic parameters(inflation, balance of payments, level of reserves, interest rates, etc.).  1, record 12, English, - overvalued%20currency

Record number: 12, Textual support number: 1 CONT

So long as our dollar costs tended to be high all around, the American currency could be called an "overvalued currency". A country with an overvalued currency tends to incur international deficits, to be undersold in most goods, to have capital outflow, and to be threatened with high unemployment and excess capacity.  2, record 12, English, - overvalued%20currency

Record number: 12, Textual support number: 1 OBS

overvalued currency: term and definition reproduced from the CAPITAL Business Dictionary with the permission of LID Editorial Empresarial.  3, record 12, English, - overvalued%20currency

Record 12,  Textual support,  French

Record number: 12, Textual support number: 1 DEF

Devise dont le taux de change sur les marchés internationaux de devises est supérieur à celui dont on pourrait s'attendre étant donné les paramètres macro-économiques du pays en question (taux d'inflation relatif, solde de la balance des paiements, niveau des réserves, taux réels d'intérêts, etc.).  2, record 12, French, - monnaie%20sur%C3%A9valu%C3%A9e

Record number: 12, Textual support number: 1 OBS

monnaie surévaluée : terme et définition extraits du CAPITAL Business Dictionary et reproduits avec l'autorisation de LID Editorial Empresarial.  3, record 12, French, - monnaie%20sur%C3%A9valu%C3%A9e

Record 12,  Textual support,  Spanish

Record number: 12, Textual support number: 1 DEF

Divisa cuyo tipo de cambio en los mercados internacionales de divisas es superior al que se podría esperar dados los parámetros macroeconómicos del país en cuestión (tase de inflación relativa, saldo de la balanza de pagos, nivel de reservas, tipos reales de interés, etc.).  1, record 12, Spanish, - moneda%20sobrevalorada

Record number: 12, Textual support number: 1 OBS

moneda sobrevalorada: término y definición extraídos del CAPITAL Business Dictionary con la autorización de LID Editorial Empresarial.  2, record 12, Spanish, - moneda%20sobrevalorada

Record 13,  Textual support,  English

Record number: 13, Textual support number: 1 CONT

Two countries on a gold standard have a stable foreign exchange rate set by the stable parity prices at which they each buy and sell gold-whether gold bars, coins or fractional-reserve banking and gold-exchange standards are used.  3, record 13, English, - fractional%2Dreserve%20banking

Record 13,  Textual support,  French

Record 13,  Textual support,  Spanish

Record 14,  Textual support,  English

Record number: 14, Textual support number: 1 OBS

The primary aim of the Tobin Tax, first proposed... by Professor James Tobin..., is to reduce exchange rate volatility. A uniform international tax payable on all spot transactions involving the conversion of one currency into another, in both domestic security markets and foreign exchange markets, the Tobin tax would, in theory, discourage speculation by making currency trading more costly.  1, record 14, English, - Tobin%20Tax

Record 14,  Textual support,  French

Record number: 14, Textual support number: 1 CONT

L'économiste James Tobin [...] proposa [...] la création d'une taxe sur les opérations boursières. Il avait formulé, en 1978, l'idée d'un impôt qui serait prélevé sur la circulation internationale des capitaux pour décourager la spéculation financière en la rendant trop onéreuse. Cette imposition, jamais appliquée, concernait surtout les transactions à but spéculatif.  2, record 14, French, - taxe%20Tobin

Record 14,  Textual support,  Spanish

Record number: 14, Textual support number: 1 OBS

El nombre de la tasa Tobin, que aparece en las noticias acerca de la aprobación en la Unión Europea de un tributo sobre las transacciones financieras, basado en los planteamientos del economista James Tobin, se escribe con minúscula en la palabra tasa. [...] Además, tanto tasa o impuesto Tobin como tasa Robin Hood son denominaciones ampliamente extendidas para referirse a estos tipos de tributos, por lo que no está justificado en ellas el empleo de las comillas.  1, record 14, Spanish, - tasa%20Tobin

Record 15,  Textual support,  English

Record number: 15, Textual support number: 1 CONT

Capital requirements may in future be adjusted by the Superintendent so that other risks-position risk, interest rate risk and foreign exchange risk-may be formally considered. [Office of the Superintendent of Financial Institutions].  1, record 15, English, - capital%20requirement

Record number: 15, Textual support number: 1 OBS

capital requirement: term usually used in the plural.  2, record 15, English, - capital%20requirement

Record 15,  Textual support,  French

Record number: 15, Textual support number: 1 CONT

Les normes de fonds propres pourront désormais être corrigées par le surintendant afin de tenir compte officiellement d'autres risques: risque de placement, risque de taux d'intérêt et risque de change. [Bureau du surintendant des institutions financières].  1, record 15, French, - norme%20de%20fonds%20propres

Record number: 15, Textual support number: 1 OBS

norme de fonds propres : terme habituellement utilisé au pluriel.  2, record 15, French, - norme%20de%20fonds%20propres

Record 15,  Textual support,  Spanish

Record 16,  Textual support,  English

Record number: 16, Textual support number: 1 DEF

... a convention whereby two units(general government or credit institutions) agree, at the request of one of them, to exchange the national currency of the unit requesting the swap for foreign currency at an agreed rate of exchange and at the same time of repayment for the reverse transaction to take place at a previously agreed rate of exchange.  7, record 16, English, - swap%20agreement

Record number: 16, Textual support number: 1 CONT

Swap arrangement ... is designed to permit a central bank to intervene in the foreign exchange market so as to retard speculative pressures on its currency.  8, record 16, English, - swap%20agreement

Record number: 16, Textual support number: 2 CONT

The Bank of Canada and the Federal Reserve have agreed to extend their expanded US $30 billion swap facility (reciprocal currency arrangement) to 30 October 2009. This expanded swap facility, originally announced on 29 September 2008, was initially set to expire on 30 April 2009.  9, record 16, English, - swap%20agreement

Record number: 16, Textual support number: 3 CONT

A swap line is another term for a temporary reciprocal currency arrangement between central banks.  10, record 16, English, - swap%20agreement

Record 16,  Textual support,  French

Record number: 16, Textual support number: 1 DEF

[...] contrat par lequel deux parties conviennent d'échanger des flux financiers sur une certaine période et selon une formule préétablie.  7, record 16, French, - accord%20de%20swap

Record number: 16, Textual support number: 1 CONT

La SFI [Société Financière Internationale] accorde à la BISA [Banco Industrial S.A] des lignes de crédit réciproques.  6, record 16, French, - accord%20de%20swap

Record 16,  Textual support,  Spanish

Record number: 16, Textual support number: 1 OBS

Entre bancos centrales.  1, record 16, Spanish, - acuerdo%20de%20cr%C3%A9dito%20rec%C3%ADproco%20a%20corto%20plazo

Record 17,  Textual support,  English

Record number: 17, Textual support number: 1 DEF

The method of translation of foreign currency where all assets and liabilities are translated at the foreign exchange rate in effect at the balance sheet date.  3, record 17, English, - current%20rate%20method

Record 17,  Textual support,  French

Record number: 17, Textual support number: 1 DEF

Méthode de conversion des états financiers d'une entité étrangère libellés en monnaie étrangère, qui consiste à convertir tous les actifs et les passifs au cours du change en vigueur à la date de clôture des comptes (le cours de clôture), tandis que tous les produits et les charges, y compris les dotations aux amortissements, sont convertis au cours en vigueur à la date de leur constatation, ou encore en utilisant une moyenne convenablement pondérée des cours du change de l'exercice.  1, record 17, French, - m%C3%A9thode%20du%20cours%20de%20cl%C3%B4ture

Record number: 17, Textual support number: 1 OBS

Selon les normes comptables internationales, lorsque l'entité étrangère présente ses comptes dans la monnaie d'une économie hyper-inflationniste, les produits et les charges doivent être convertis au cours de clôture.  1, record 17, French, - m%C3%A9thode%20du%20cours%20de%20cl%C3%B4ture

Record 17,  Textual support,  Spanish

Record 18,  Textual support,  English

Record number: 18, Textual support number: 1 DEF

The method of translation of foreign currency where assets and liabilities are translated at the foreign exchange rate in effect at the balance sheet date and nonmonetary assets and liabilities are translated at the rates in effect at the time of the related transactions.  2, record 18, English, - monetary%2Dnonmonetary%20method

Record 18,  Textual support,  French

Record number: 18, Textual support number: 1 DEF

Méthode de conversion des opérations conclues en monnaie étrangère ou des états financiers d'une entité étrangère établis en monnaie étrangère, qui consiste à convertir, d'une part, les éléments d'actif et de passif monétaires au cours du change en vigueur à la date de clôture de la période (le cours de clôture) et, d'autre part, les éléments d'actif et de passif non monétaires aux cours historiques en vigueur au moment où les opérations qui ont donné lieu à ces éléments ont été effectués.  1, record 18, French, - m%C3%A9thode%20du%20cours%20historique

Record number: 18, Textual support number: 1 OBS

Les produits et les charges sont convertis au cours en vigueur à la date où ils ont été constatés, ou encore en utilisant une moyenne convenablement pondérée des cours du change de l'exercice. Toutefois, les dotations aux amortissements des actifs convertis aux cours du change historiques sont converties au même cours que les actifs amortis.  1, record 18, French, - m%C3%A9thode%20du%20cours%20historique

Record 18,  Textual support,  Spanish

Record 19,  Textual support,  English

Record number: 19, Textual support number: 1 CONT

An increase in the foreign interest rate reduces the demand for domestic bond... As long as the domestic interest rate is constant, an increase in the foreign interest rate raises the public' s demand for foreign currency and leids either to depreciation or to loss of foreign exchange reserves...  3, record 19, English, - foreign%20interest%20rate

Record 19,  Textual support,  French

Record number: 19, Textual support number: 1 CONT

Confrontée par exemple à une hausse soudaine des taux d'intérêts à l'étranger, une banque centrale pouvait être forcée de vendre des actifs intérieurs et d'élever son propre taux d'intérêt pour assurer la stabilité de ses réserves internationales.  2, record 19, French, - taux%20d%27int%C3%A9r%C3%AAt%20%C3%A0%20l%27%C3%A9tranger

Record 19,  Textual support,  Spanish

Record 20,  Textual support,  English

Record number: 20, Textual support number: 1 DEF

Difference between the inflation rates of two or more countries.  3, record 20, English, - inflation%20differential

Record number: 20, Textual support number: 1 OBS

Normally used to indicate competitive relationships and the relative variation of long term foreign exchange rates, given that in the short term the balance is based on the interest rate differential.  3, record 20, English, - inflation%20differential

Record number: 20, Textual support number: 2 OBS

inflation rate differential: term published in the Journal officiel by the Commission générale de terminologie et de néologie of the Government of France.  4, record 20, English, - inflation%20differential

Record number: 20, Textual support number: 3 OBS

inflation differential: term and definition reproduced from the CAPITAL Business Dictionary with the permission of LID Editorial Empresarial.  5, record 20, English, - inflation%20differential

Record 20,  Textual support,  French

Record number: 20, Textual support number: 1 DEF

Différence qui existe entre le taux d'inflation de plusieurs pays.  3, record 20, French, - %C3%A9cart%20d%27inflation

Record number: 20, Textual support number: 1 OBS

On l'utilise normalement pour déterminer les taux d'intérêt à long terme puisque à court terme, l'équilibre se produit par la différence entre les taux d'intérêt.  3, record 20, French, - %C3%A9cart%20d%27inflation

Record number: 20, Textual support number: 2 OBS

écart d'inflation : terme publié dans le Journal officiel par la Commission générale de terminologie et de néologie du gouvernement de la France.  4, record 20, French, - %C3%A9cart%20d%27inflation

Record number: 20, Textual support number: 3 OBS

différentiel d'inflation : terme et définition extraits du CAPITAL Business Dictionary et reproduits avec l'autorisation de LID Editorial Empresarial.  5, record 20, French, - %C3%A9cart%20d%27inflation

Record 20,  Textual support,  Spanish

Record number: 20, Textual support number: 1 DEF

Diferencia que existe entre la tasa de inflación de dos o más países. Suele utilizarse como indicador de la posición competitiva y de la variación relativa de los tipos de cambio a largo plazo, ya que a corto plazo, el equilibrio se produce por el diferencial de tipos de interés.  1, record 20, Spanish, - diferencial%20de%20inflaci%C3%B3n

Record number: 20, Textual support number: 1 OBS

diferencial de inflación: término y definición extraídos del CAPITAL Business Dictionary con la autorización de LID Editorial Empresarial.  2, record 20, Spanish, - diferencial%20de%20inflaci%C3%B3n

Record 21,  Textual support,  English

Record number: 21, Textual support number: 1 DEF

To buy or sell commodity, foreign exchange, interest rate futures or a financial instrument for the specific purpose of offsetting or restricting the risk involved in price or rate fluctuations.  2, record 21, English, - hedge

Record 21,  Textual support,  French

Record number: 21, Textual support number: 1 DEF

Effectuer une opération de couverture.  3, record 21, French, - couvrir

Record 21,  Textual support,  Spanish

Record number: 21, Textual support number: 1 DEF

Asegurar una posición de riesgo mediante una transacción financiera que tenga el efecto contrario ante una oscilación negativa de precios, y proteja a la empresa de posibles pérdidas (seguro de cambio, compraventa de futuros, etc.).  2, record 21, Spanish, - cubrir

Record number: 21, Textual support number: 1 OBS

Definición extraída del CAPITAL Business Dictionary con la autorización de LID Editorial Empresarial.  3, record 21, Spanish, - cubrir

Record 22,  Textual support,  English

Record number: 22, Textual support number: 1 CONT

Pegging the exchange rate to the dollar does not make monetary policy credible, as the resounding disaster in Mexico makes clear.... monetary policy was too loose in 1994 and was inconsistent with the peso pegged at 3. 5 to the dollar. Foreign reserves left the country until the peg had to be abandoned.  1, record 22, English, - peg%20the%20exchange%20rate%20to%20the%20dollar

Record 22,  Textual support,  French

Record 22,  Textual support,  Spanish

Record 23,  Textual support,  English

Record number: 23, Textual support number: 1 DEF

A term used in accounting for foreign currency translation to distinguish a foreign operation that is deemed to be financially or operationally interdependent with the reporting entity; exposure to exchange rate changes is similar to the exposure that would exist had the transactions and activities of the foreign operation been undertaken by the reporting entity itself.  3, record 23, English, - integrated%20foreign%20operation

Record number: 23, Textual support number: 1 OBS

Compare with "self-sustaining foreign operation."  4, record 23, English, - integrated%20foreign%20operation

Record 23,  Textual support,  French

Record number: 23, Textual support number: 1 DEF

Entité étrangère dont les liens avec l'entité mère en matière de gestion financière ou d'exploitation sont tels que l'effet des variations du cours du change est similaire à celui que l'on aurait si l'entité mère s'occupait elle-même des opérations conclues par l'entité étrangère et de l'exploitation de cette dernière.  1, record 23, French, - entit%C3%A9%20%C3%A9trang%C3%A8re%20int%C3%A9gr%C3%A9e

Record 23,  Textual support,  Spanish

Record 24,  Textual support,  English

Record number: 24, Textual support number: 1 DEF

Foreign exchange and money market term meaning "from tomorrow to the next business day". Spot foreign exchange deals are for value two days hence. A company may require value tomorrow. In this case the tom/next rate will have to be used to adjust the spot rate.  3, record 24, English, - tom%2Fnext

Record 24,  Textual support,  French

Record number: 24, Textual support number: 1 DEF

Qualifie les opérations boursières de mise à disposition des fonds le lendemain et de remboursement le jour ouvré suivant.  4, record 24, French, - %C3%A0%2024%20heures%20valeur%20lendemain

Record number: 24, Textual support number: 1 OBS

Les professionnels de la Bourse utilisent également l'abréviation «J+1, J+2».  3, record 24, French, - %C3%A0%2024%20heures%20valeur%20lendemain

Record 24,  Textual support,  Spanish

Record 25,  Textual support,  English

Record number: 25, Textual support number: 1 DEF

The method of translation of foreign currency where current assets and liabilities are translated at the foreign exchange rate in effect at the balance sheet date and noncurrent assets and liabilities are translated at the rates in effect at the time of the related transactions.  2, record 25, English, - current%2Dnoncurrent%20method

Record 25,  Textual support,  French

Record number: 25, Textual support number: 1 DEF

Méthode de conversion des états financiers d'une entité étrangère établis en monnaie étrangère qui consiste à convertir, d'une part, les éléments d'actif à court terme et de passif à court terme au cours du change à la date de clôture de la période (le cours de clôture) et, d'autre part, les éléments à long terme aux cours historiques en vigueur au moment où les opérations qui ont donné lieu à ces éléments ont été effectuées. Les produits et les charges sont convertis au cours en vigueur à la date de leur constatation, ou encore en utilisant une moyenne convenablement pondérée des cours du change de l'exercice. Toutefois, les dotations aux amortissements des actifs convertis aux cours historiques sont converties au même cours que les actifs amortis.  1, record 25, French, - m%C3%A9thode%20du%20court%20terme%2Dlong%20terme

Record 25,  Textual support,  Spanish

Record 26,  Textual support,  English

Record number: 26, Textual support number: 1 DEF

Rate of exchange set by the issuing bank of a currency that fixes the limits of variation of that currency within a given day. The issuing bank commits itself to buying all currencies offered at the purchase intervention price and to sell to all buyers at the sale intervention price. In some cases the intervention price is fixed for only one currency (dollar), all other currencies being fixed in relation to this. It is characteristic of an intervened market.  3, record 26, English, - fixed%20exchange%20rate

Record number: 26, Textual support number: 1 CONT

In the case of a fixed exchange rate, the government undertakes to buy and sell foreign exchange to maintain the exchange rate of the Canadian dollar within fixed limits.  4, record 26, English, - fixed%20exchange%20rate

Record number: 26, Textual support number: 1 OBS

fixed exchange rate: term and definition reproduced from the CAPITAL Business Dictionary with the permission of LID Editorial Empresarial.  5, record 26, English, - fixed%20exchange%20rate

Record 26,  Textual support,  French

Record number: 26, Textual support number: 1 DEF

Cours du change d'une monnaie que les autorités monétaires ont établi, stabilisé ou gelé à un niveau choisi plutôt que de le laisser fluctuer librement au gré de l'offre et de la demande sur le marché des changes.  2, record 26, French, - cours%20du%20change%20fixe

Record number: 26, Textual support number: 1 OBS

fixed exchange rate; taux de change fixe : extrait du Glossaire de l'économie et reproduit avec l'autorisation de l'OCDE.  4, record 26, French, - cours%20du%20change%20fixe

Record 26,  Textual support,  Spanish

Record number: 26, Textual support number: 1 DEF

Tipo de cambio de una divisa establecido por el banco emisor que fija el límite de variación del mismo ... El banco emisor se compromete a comprar todas las divisas que le ofrezcan al precio de intervención de compra, y a vender todas las que le demanden al cambio de intervención de venta. En muchos casos se fijan cambios de intervención sólo para una divisa (dólar), estableciéndose los de los demás en relación a ésta. Es propio de un mercado intervenido.  3, record 26, Spanish, - tipo%20de%20cambio%20fijo

Record number: 26, Textual support number: 1 OBS

tipo de cambio fijo: término y definición extraídos del CAPITAL Business Dictionary con la autorización de LID Editorial Empresarial.  4, record 26, Spanish, - tipo%20de%20cambio%20fijo

Record 27,  Textual support,  English

Record number: 27, Textual support number: 1 DEF

A bill of exchange drawn by a holder of a dishonored bill upon either the drawer or the endorser, for the amount of the original bill plus the protest fees; also known as a "cross bill". Where foreign exchange is involved, the redraft or cross bill also includes the amount of "re-exchange" measured by the rate of exchange where the drawer or endorser is located.  2, record 27, English, - redraft

Record number: 27, Textual support number: 1 OBS

redraft; cross bill: term and text reproduced from The Encyclopedia of Banking and Finance, Tenth Edition (1993), by Glenn G. Munn, F.L. Garcia and Charles J. Woelfel, with the permission of the copyright holder, The McGraw-Hill Companies Inc. In no event shall McGraw-Hill have any liability to any party for special, incidental, tort, or consequential damages arising out of or in connection with the use of this material.  3, record 27, English, - redraft

Record 27,  Textual support,  French

Record number: 27, Textual support number: 1 DEF

Nouvelle traite qu'émet le porteur d'une traite impayée pour se rembourser. C'est une traite à vue que le porteur tire sur son cédant en règlement de l'impayé, des frais de protêt et du compte de retour, petite note donnant le détail de la composition du nominal nouveau.  1, record 27, French, - retraite

Record 27,  Textual support,  Spanish

Record 28,  Textual support,  English

Record number: 28, Textual support number: 1 OBS

Foreign Exchange Options. The pure jump model assumes that the exchange rate changes at a constant rate most of the time, but experiences discrete jumps at random intervals.  1, record 28, English, - pure%20jump%20model

Record 28,  Textual support,  French

Record number: 28, Textual support number: 1 OBS

Options sur devises. Ce modèle suppose que le taux de change varie à un rythme constant la plupart du temps, avec parfois des sauts, des ruptures, à intervalles aléatoires.  1, record 28, French, - mod%C3%A8le%20d%27%C3%A9volution%20par%20sauts%20proprement%20dit

Record 28,  Textual support,  Spanish

Record 29,  Textual support,  English

Record number: 29, Textual support number: 1 CONT

Investments which are of specific importance to the national economy, particularly because of the size of the project, the nature of the technology used, the high rate of integration of local resources in the production, high foreign exchange earnings or because of their long-term returns, may be granted additional benefits, in accordance with legislation in force.  1, record 29, English, - rate%20of%20integration

Record 29,  Textual support,  French

Record number: 29, Textual support number: 1 DEF

La part des pièces fabriquées sur place dans le produit final.  1, record 29, French, - taux%20d%27int%C3%A9gration

Record 29,  Textual support,  Spanish

Record 30,  Textual support,  English

Record number: 30, Textual support number: 1 CONT

To combat inflation, the authorities reintroduced price control, replaced the foreign exchange auction system with an administrative allocation of foreign exchange at an appreciated fixed exchange rate, and reduced interest rates to substantially below market-clearing levels.  1, record 30, English, - foreign%20exchange%20auction%20system

Record 30,  Textual support,  French

Record number: 30, Textual support number: 1 CONT

Pour combattre l'inflation, les autorités ont réintroduit le contrôle des prix, remplace les adjudications de devises par un système d'allocation administrative des devises à un taux de change fixe plus élevé et ramené les taux d'intérêt à des niveaux très sensiblement inférieurs au taux d'équilibre du marché.  1, record 30, French, - adjudication%20de%20devises

Record 30,  Textual support,  Spanish

Record 31,  Textual support,  English

Record number: 31, Textual support number: 1 DEF

[A situation] where an investment is made in a foreign currency asset to benefit from a more attractive rate of interest without simultaneously taking out forward exchange cover to protect an investor against the risk of intervening exchange rate changes.  2, record 31, English, - uncovered%20interest%20arbitrage

Record 31,  Textual support,  French

Record 31,  Textual support,  Spanish

Record 32,  Textual support,  English

Record number: 32, Textual support number: 1 DEF

The act of taking a net position in a foreign currency with the intention of making a profit from exchange rate changes.  3, record 32, English, - foreign%20exchange%20speculation

Record 32,  Textual support,  French

Record 32,  Textual support,  Spanish

Record 33,  Textual support,  English

Record number: 33, Textual support number: 1 DEF

[A foreign exchange clause] in contracts for setting a fixed rate between two currencies, to avoid the impact of devaluation or revaluation.  2, record 33, English, - currency%20clause

Record 33,  Textual support,  French

Record number: 33, Textual support number: 1 DEF

Disposition contractuelle déterminant la relation entre la propre monnaie et une monnaie étrangère afin d'exclure le risque de dépréciation d'une monnaie pour une certaine créance.  1, record 33, French, - clause%20mon%C3%A9taire

Record 33,  Textual support,  Spanish

Record 34,  Textual support,  English

Record number: 34, Textual support number: 1 DEF

The return of a portion of the freight charges by a carrier or a conference shipper in exchange for the shipper giving all or most of his shipments to the carrier or conference over a specified period of time(usually 6 months). Payment of the rate is deferred for a further similar period, during which the shipper must continue to give all or most of his shipments to the rebating carrier or conference. The shipper thus earns a further rebate which will not, however, be paid without an additional period of exclusive or almost exclusive patronage with the carrier of conference. In this way, the shipper becomes tied to the rebating carrier or conference. Although, the deferred rebate system is illegal in U. S. foreign commerce, it generally is accepted in the ocean trade between foreign countries.  2, record 34, English, - deferred%20rebate

Record 34,  Textual support,  French

Record 34,  Textual support,  Spanish

Record 35,  Textual support,  English

Record number: 35, Textual support number: 1 DEF

The individuals who are responsible for formulating and implementing monetary policy ...  3, record 35, English, - monetary%20authorities

Record number: 35, Textual support number: 1 CONT

Under a currency board arrangement, the monetary authorities commit to trade foreign exchange for domestic currency on demand at a fixed rate of exchange.  4, record 35, English, - monetary%20authorities

Record 35,  Textual support,  French

Record number: 35, Textual support number: 1 DEF

Ensemble des organismes qui ont un rôle à jouer sur la politique monétaire d'un pays donné.  2, record 35, French, - autorit%C3%A9s%20mon%C3%A9taires

Record number: 35, Textual support number: 1 OBS

Source : Revue de la Banque du Canada, décembre 1989.  3, record 35, French, - autorit%C3%A9s%20mon%C3%A9taires

Record number: 35, Textual support number: 1 CONT

Dans les pays qui optent pour ce système, les autorités monétaires s'engagent à échanger à vue la monnaie nationale contre des devises à un taux fixe.  4, record 35, French, - autorit%C3%A9s%20mon%C3%A9taires

Record 35,  Textual support,  Spanish

Record number: 35, Textual support number: 1 CONT

En este último tipo de régimen, las autoridades monetarias se comprometen a proporcionar divisas a cambio de moneda nacional a la vista, y a un tipo de cambio fijo.  1, record 35, Spanish, - autoridades%20monetarias

Record 36,  Textual support,  English

Record number: 36, Textual support number: 1 OBS

The debt-equity swap programs allow the foreign investor to obtain a more favourable exchange rate on the sale of his capital contribution to the Central Bank.  1, record 36, English, - debt%2Dequity%20swap%20program

Record 36,  Textual support,  French

Record 36,  Textual support,  Spanish

Record 37,  Textual support,  English

Record number: 37, Textual support number: 1 DEF

The method of translation of foreign currency where cash, receivables and payables, and assets and liabilities that are carried at current prices are translated at the foreign exchange rate in effect at the balance sheet date; assets and liabilities carried at past prices are translated at the rates in effect at the time of the related transactions.  2, record 37, English, - temporal%20method

Record number: 37, Textual support number: 1 OBS

Compare with "current-noncurrent method", "current rate method" and "monetary-nonmonetary method".  3, record 37, English, - temporal%20method

Record 37,  Textual support,  French

Record number: 37, Textual support number: 1 DEF

Méthode de conversion des états financiers ou comptes établis en monnaie étrangère qui consiste à convertir, d'une part, au cours du change à la date de l'arrêté des comptes (le cours de clôture) les éléments d'actif et de passif portés à leur valeur actuelle (ou valeur marchande), y compris les éléments monétaires dont la valeur nominale et la valeur actuelle se confondent et, d'autre part, aux cours en vigueur à la date où les opérations qui ont donné lieu à ces éléments ont été effectuées (les cours historiques), les éléments d'actif et de passif comptabilisés à leur coût historique. Les produits et les charges sont convertis au cours en vigueur à la date où ils ont été constatés, ou encore en utilisant une moyenne des cours du change convenablement pondérée de l'exercice. Toutefois, les dotations aux amortissements d'éléments d'actif convertis aux cours du change historiques sont converties au même cours du change que les éléments auxquels elles sont reliées.  1, record 37, French, - m%C3%A9thode%20temporelle

Record 37,  Textual support,  Spanish

Record 38,  Textual support,  English

Record number: 38, Textual support number: 1 OBS

Value of the foreign government pension when converted into Canadian dollars using the updated exchange rate.  1, record 38, English, - foreign%20government%20pension%20amount%20in%20Canadian%20dollars

Record 38,  Textual support,  French

Record 38,  Textual support,  Spanish

Record 39,  Textual support,  English

Record number: 39, Textual support number: 1 DEF

Gain or loss in local currency from holding net foreign monetary items during a period in which the exchange rate changes.  3, record 39, English, - exchange%20gain%20or%20loss

Record number: 39, Textual support number: 1 OBS

exchange gain or loss: term reproduced from the CAPITAL Business Dictionary with the permission of LID Editorial Empresarial.  4, record 39, English, - exchange%20gain%20or%20loss

Record 39,  Textual support,  French

Record number: 39, Textual support number: 1 DEF

Profit ou perte découlant de la conversion en monnaie nationale (ou autre monnaie de présentation) des états financiers (ou comptes) d'un établissement étranger établis en monnaie étrangère, ou découlant du règlement ou de la conversion des éléments d'actif ou de passif de l'entité résultant d'opérations conclues en monnaie étrangère.  1, record 39, French, - profit%20ou%20perte%20sur%20change

Record 39,  Textual support,  Spanish

Record number: 39, Textual support number: 1 DEF

Pérdidas o ganancias que se producen en operaciones de cambio de divisa extranjera, o al efectuar en la realidad una operación a un tipo de cambio distinto del previsto.  1, record 39, Spanish, - diferencias%20de%20cambio

Record number: 39, Textual support number: 1 OBS

diferencias de cambio: término y definición extraídos del CAPITAL Business Dictionary con la autorización de LID Editorial Empresarial.  2, record 39, Spanish, - diferencias%20de%20cambio

Record 40,  Textual support,  English

Record number: 40, Textual support number: 1 DEF

A term used in accounting for foreign currency translation to distinguish a foreign operation that is deemed to be financially and operationally independent of the reporting entity; exposure to exchange rate changes is limited to the reporting entity's net investment in the foreign operation.  1, record 40, English, - self%2Dsustaining%20foreign%20operation

Record 40,  Textual support,  French

Record number: 40, Textual support number: 1 DEF

Établissement étranger dont les activités économiques ne font pas partie intégrante de celles de l'entité mère et dont l'indépendance par rapport à l'entité mère en matière de gestion financière et d'exploitation est telle que les variations du cours du change n'ont d'incidence que sur l'investissement net de l'entité mère dans l'établissement étranger.  1, record 40, French, - %C3%A9tablissement%20%C3%A9tranger%20autonome

Record 40,  Textual support,  Spanish

Record 41,  Textual support,  English

Record number: 41, Textual support number: 1 DEF

Auction of foreign currency, as used in some developing countries, whereby the price obtained for the foreign currency at the auction is the rate of exchange applied until the next auction.  1, record 41, English, - foreign%20exchange%20auction

Record 41,  Textual support,  French

Record 41,  Textual support,  Spanish

Record number: 41, Textual support number: 1 DEF

Procedimiento de limitación de las importaciones, consiste en la restricción impuesta por las autoridades del país, que dejan en el mercado menos cantidad de divisas de las que precisan los importadores, con lo cual se encarecerá el precio de las mismas y llegarán a desistir de la importación pues, con los precios resultantes, conviene más comerciar productos nacionales.  2, record 41, Spanish, - subasta%20de%20divisas

Record 42,  Textual support,  English

Record number: 42, Textual support number: 1 DEF

Equal to the nominal or face value. [Klein, Gerald. Dictionary of Banking. Pitman Publishing, 1995].  2, record 42, English, - par

Record number: 42, Textual support number: 1 CONT

Government stocks are redeemable at par, but during the lifetime of that stock, the price could be above or below par. In the foreign exchange market, par is the current spot rate and any forward rate would be at a premium,... [Klein, Gerald. Dictionary of Banking. Pitman Publishing, 1995].  2, record 42, English, - par

Record number: 42, Textual support number: 1 OBS

Used in the expressions "at par", "above par", "below par", "par value", etc.  3, record 42, English, - par

Record number: 42, Textual support number: 1 PHR

Margin above par; margin below par.  2, record 42, English, - par

Record 42,  Textual support,  French

Record number: 42, Textual support number: 1 DEF

Égalité susceptible d'exister entre la valeur nominale d'un titre et son prix de souscription ou d'émission, son prix de remboursement ou son cours.  2, record 42, French, - pair

Record number: 42, Textual support number: 1 PHR

Au pair, au-dessus du pair, au-dessous du pair, valeur au pair.  3, record 42, French, - pair

Record 42,  Textual support,  Spanish

Record 43,  Textual support,  English

Record number: 43, Textual support number: 1 DEF

... in the foreign exchange market it is when the forward rate is the same as the spot rate. [Klein, Gerald. Dictionary of Banking. Pitman Publishing, 1995].  2, record 43, English, - at%20par

Record number: 43, Textual support number: 1 CONT

... if a stock sells on the market for its face value it is at par ...  3, record 43, English, - at%20par

Record number: 43, Textual support number: 2 CONT

The free convertibility of the peso at par with the US $ has boosted confidence and reduced inflation.  3, record 43, English, - at%20par

Record 43,  Textual support,  French

Record number: 43, Textual support number: 1 CONT

Une monnaie ou une action sont dites «au pair» lorsqu'on les achète à leur valeur officielle, c'est-à-dire - pour une action, à sa valeur nominale, - pour une monnaie, à sa parité.  2, record 43, French, - au%20pair

Record number: 43, Textual support number: 2 CONT

La libre convertibilité du peso au pair avec le dollar américain a engendré un regain de confiance et une baisse de l'inflation.  3, record 43, French, - au%20pair

Record number: 43, Textual support number: 1 OBS

Voir «pair».  4, record 43, French, - au%20pair

Record 43,  Textual support,  Spanish

Record number: 43, Textual support number: 1 DEF

Tratándose de monedas o efectos públicos o negociables, igualdad entre su valor nominal y el que tiene en el mercado.  2, record 43, Spanish, - a%20la%20par

Record 44,  Textual support,  English

Record number: 44, Textual support number: 1 CONT

In the case where the premium on foreign exchange is positive, domestic investors can expect that holding an uncovered foreign exchange position will yield a profit over and above what could be obtained by "locking in" the domestic currency value of their foreign currency holdings at the prevailing forward exchange rate.  2, record 44, English, - domestic%20investor

Record 44,  Textual support,  French

Record 44,  Textual support,  Spanish

Record number: 44, Textual support number: 1 DEF

El Estado, las personas naturales nacionales, las personas jurídicas nacionales que no persigan fin de lucro y las empresas nacionales.  2, record 44, Spanish, - inversionista%20nacional

Record number: 44, Textual support number: 1 OBS

Se consideran también como inversionistas nacionales, las personas nacionales extranjeras con residencia interrumpida en el país receptor no inferior a un año, que renuncien ante el organismo nacional competente, el derecho de reexportar el capital y de transferir utilidades al exterior.  2, record 44, Spanish, - inversionista%20nacional

Record 45,  Textual support,  English

Record number: 45, Textual support number: 1 CONT

... the Bank of Latvia began to set daily exchange rates for six additional foreign convertible currencies-the Czech koruna, Hungarian forint, Russian ruble, Moldova lev, Polish zloty and Slovak koruna. Once a week the Bank of Latvia also sets exchange rates of foreign non-convertible currencies. The exchange rate of foreign currencies against the lats fluctuated in line with the fluctuations of the exchange rates of SDR basket currencies in the global foreign exchange market...  1, record 45, English, - set%20exchange%20rates

Record 45,  Textual support,  French

Record 45,  Textual support,  Spanish

Record 46,  Textual support,  English

Record number: 46, Textual support number: 1 DEF

The cost in domestic currency required to earn a unit of foreign exchange through a proposed project. In discounted cash flow analysis, the present worth of the domestic currency cost of realizing a foreign exchange saving divided by the present worth of the net foreign exchange saving. A project is accepted if the domestic resource cost is less than the official exchange rate in financial analysis, or less than the shadow exchange rate(or the reciprocal of the standard conversion factor) in economic analysis. Initially formulated as an undiscounted measure based on a single year.  1, record 46, English, - domestic%20resource%20cost

Record 46,  Textual support,  French

Record 46,  Textual support,  Spanish

Record number: 46, Textual support number: 1 DEF

Es el costo en moneda nacional que se precisa para obtener una unidad de divisas a través de un proyecto propuesto. En el análisis de flujo de fondos actualizado, es el valor actual del costo en moneda nacional de obtener un ahorro en divisas dividido por el valor actual del ahorro neto en divisas. Se acepta un proyecto si el costo en recursos internos es menor que el tipo de cambio oficial en el análisis financiero, o menor que el tipo de cambio de cuenta (o el recíproco del factor estandar de conversión) en el análisis económico. Fue formulado inicialmente como una medida no actualizada basada en un solo año.  1, record 46, Spanish, - costo%20de%20recursos%20internos

Record 47,  Textual support,  English

Record number: 47, Textual support number: 1 CONT

Deferred rebate : The return of a portion of the freight charges by a carrier or a conference shipper in exchange for the shipper giving all or most of his shipments to the carrier or conference over a specified period of time(usually 6 months). Payment of the rate is deferred for a further similar period, during which the shipper must continue to give all or most of his shipments to the rebating carrier or conference. The shipper thus earns a further rebate which will not, however, be paid without an additional period of exclusive or almost exclusive patronage with the carrier of conference. In this way, the shipper becomes tied to the rebating carrier or conference. Although, the deferred rebate system is illegal in U. S. foreign commerce, it generally is accepted in the ocean trade between foreign countries.  1, record 47, English, - deferred%20rebate%20system

Record 47,  Textual support,  French

Record 47,  Textual support,  Spanish

Record 48,  Textual support,  English

Record number: 48, Textual support number: 1 DEF

The rate at which foreign exchange banks and brokers agree to buy foreign currency.  1, record 48, English, - buying%20rate%20of%20exchange

Record 48,  Textual support,  French

Record 48,  Textual support,  Spanish

Record 49,  Textual support,  English

Record number: 49, Textual support number: 1 DEF

When the [World] Bank or other lending institution lends money to a national development institutions which, in turns, onlends the funds, the cost of the subloan is determined by the interest rate and other charges levied by the national development institution and by the foreign exchange costs.  1, record 49, English, - subloan%20pricing

Record 49,  Textual support,  French

Record 49,  Textual support,  Spanish

Record 50,  Textual support,  English

Record number: 50, Textual support number: 1 OBS

In reference to South Africa; one exchange rate(commercial) is used for foreign trade, payments of dividends to foreign owners of stock in S. A. companies, payment of royalties to foreign companies for non-equity agreement.  1, record 50, English, - two%2Dtiered%20exchange%20rate

Record 50,  Textual support,  French

Record 50,  Textual support,  Spanish

Record 51,  Textual support,  English

Record number: 51, Textual support number: 1 CONT

Turnover dates are requested for foreign exchange spot transactions and for foreign exchange and interest rate derivatives only.  1, record 51, English, - foreign%20exchange%20derivative