TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 DEF

The risk of changes in a borrowing country's overall foreign exchange position, which may affect its ability to repay a loan.  2, record 1, English, - sovereign%20risk

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 DEF

Risque de changements dans le taux de change de devises d'un pays, qui pourrait affecter la capacité de celui-ci de rembourser un prêt.  3, record 1, French, - risque%20souverain

Record 1,  Textual support,  Spanish

Record number: 1, Textual support number: 1 DEF

Riesgo de fluctuaciones en los tipos de cambio de las divisas de un país que pudiera afectar su capacidad de pagar un préstamo.  3, record 1, Spanish, - riesgo%20soberano

Record number: 1, Textual support number: 1 OBS

riesgo soberano: término extraído del CAPITAL Business Dictionary con la autorización de LID Editorial Empresarial.  4, record 1, Spanish, - riesgo%20soberano

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 DEF

The risk of loss on a loan or investment resulting from possible adverse changes in foreign exchange rates.  8, record 2, English, - foreign%20exchange%20risk

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 DEF

Risque couru par une entité du fait d'une évolution défavorable des cours du change sur les marchés.  3, record 2, French, - risque%20de%20change

Record 2,  Textual support,  Spanish

Record number: 2, Textual support number: 1 DEF

Riesgos financieros vinculados a las fluctuaciones monetarias, devaluaciones o flotaciones.  4, record 2, Spanish, - riesgo%20de%20cambio

Record number: 2, Textual support number: 1 OBS

riesgo de cambio: término extraído del CAPITAL Business Dictionary con la autorización de LID Editorial Empresarial.  5, record 2, Spanish, - riesgo%20de%20cambio

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 OBS

foreign exchange settlement risk : term extracted from the “Glossaire de l'économie” and reproduced with permission of the Organisation for Economic Co-operation and Development.  2, record 3, English, - foreign%20exchange%20settlement%20risk

Record 3,  Textual support,  French

Record number: 3, Textual support number: 1 OBS

risque de règlement en devises : terme extrait du «Glossaire de l’économie» et reproduit avec l’autorisation de l’Organisation de coopération et de développement économiques.  2, record 3, French, - risque%20de%20r%C3%A8glement%20en%20devises

Record 3,  Textual support,  Spanish

Record 4,  Textual support,  English

Record number: 4, Textual support number: 1 CONT

If an FMI settles transactions that involve the settlement of two linked obligations(for example, securities or foreign exchange transactions), it must eliminate principal risk by conditioning the final settlement of one obligation upon the final settlement of the other.  2, record 4, English, - principal%20risk

Record 4,  Textual support,  French

Record number: 4, Textual support number: 1 CONT

Si une infrastructure de marché financier règle des transactions qui supposent le règlement de deux obligations liées (transactions sur titres ou transactions de change, par exemple), elle doit éliminer le risque en principal en subordonnant le règlement définitif d’une obligation au règlement définitif de l’autre.  2, record 4, French, - risque%20en%20principal

Record 4,  Textual support,  Spanish

Record 5,  Textual support,  English

Record number: 5, 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 5, English, - capital%20requirement

Record number: 5, Textual support number: 1 OBS

capital requirement: term usually used in the plural.  2, record 5, English, - capital%20requirement

Record 5,  Textual support,  French

Record number: 5, 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 5, French, - norme%20de%20fonds%20propres

Record number: 5, Textual support number: 1 OBS

norme de fonds propres : terme habituellement utilisé au pluriel.  2, record 5, French, - norme%20de%20fonds%20propres

Record 5,  Textual support,  Spanish

Record 6,  Textual support,  English

Record number: 6, 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 6, English, - hedge

Record 6,  Textual support,  French

Record number: 6, Textual support number: 1 DEF

Effectuer une opération de couverture.  3, record 6, French, - couvrir

Record 6,  Textual support,  Spanish

Record number: 6, 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 6, Spanish, - cubrir

Record number: 6, Textual support number: 1 OBS

Definición extraída del CAPITAL Business Dictionary con la autorización de LID Editorial Empresarial.  3, record 6, Spanish, - cubrir

Record 7,  Textual support,  English

Record number: 7, Textual support number: 1 DEF

A forward foreign exchange contract incorporated into an underlying equity option or equity swap structure which allows the investor to lock in a known foreign exchange flow and eliminate currency risk.  3, record 7, English, - quanto

Record number: 7, Textual support number: 1 CONT

Quantos are often known as correlation products; that is, pricing of the product must incorporate not only the interest differential between the two currencies in question, but also any correlation which may exist between the currency and the underlying index.  3, record 7, English, - quanto

Record number: 7, Textual support number: 1 OBS

Quantos are sometimes known by the more formal name of guaranteed exchange rate contract.  3, record 7, English, - quanto

Record 7,  Textual support,  French

Record number: 7, Textual support number: 1 DEF

Instrument dérivé dont le sous-jacent est libellé dans une monnaie, mais sur lequel les paiements sont effectués en une autre monnaie.  2, record 7, French, - quanto

Record 7,  Textual support,  Spanish

Record 8,  Textual support,  English

Record number: 8, Textual support number: 1 CONT

The limited distributor takes the title to the merchandise. It has limited or no inventory risk and credit risk. It typically does not bear foreign exchange risk on purchases from its supplier.  1, record 8, English, - limited%20risk%20distributor

Record 8,  Textual support,  French

Record 8,  Textual support,  Spanish

Record 9,  Textual support,  English

Record number: 9, Textual support number: 1 CONT

There will be a foreign exchange risk where the debt servicing(and other payment obligations under the project contracts) is in foreign currency but the payments to the IPP [Independent Power Producers] under the PPA [power purchase agreement] are in local currency. Where this foreign exchange mismatch occurs, the investor and developer will seek to pass through the foreign exchange risk to the offtaker...  1, record 9, English, - foreign%20exchange%20mismatch

Record 9,  Textual support,  French

Record 9,  Textual support,  Spanish

Record 10,  Textual support,  English

Record number: 10, 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 10, English, - uncovered%20interest%20arbitrage

Record 10,  Textual support,  French

Record 10,  Textual support,  Spanish

Record 11,  Textual support,  English

Record number: 11, Textual support number: 1 DEF

Investing dollars in an instrument denominated in a foreign currency and hedging the resulting foreign exchange risk by selling the proceeds of the investment forward for dollars.  2, record 11, English, - covered%20interest%20arbitrage

Record 11,  Textual support,  French

Record 11,  Textual support,  Spanish

Record 12,  Textual support,  English

Record number: 12, Textual support number: 1 OBS

Published by Canada Deposit Insurance Corporation(CDIC) on August 19, 1993. This document sets out CDIC' s standards of sound business and financial practices for the management and control of exposure to foreign exchange risk. Its development reflects the insightful and helpful comments received as a result of an extensive consultation and review process with industry and regulators. The Board of Directors of CDIC will use compliance with this standards document as the basis for determining whether a member institution is following standards of sound business and financial practices for foreign exchange risk management established under the By-law.  1, record 12, English, - Standards%20of%20Sound%20Business%20and%20Financial%20Practices%3A%20Foreign%20Exchange%20Risk%20Management

Record 12,  Textual support,  French

Record number: 12, Textual support number: 1 OBS

Publié par la Société d'assurance-dépôts du Canada le 19 août 1993. Le présent document énonce les normes de gestion du capital applicables aux institutions membres de la SADC. Il tient compte des commentaires éclairés et utiles que la Société a reçus dans le cadre des consultations et des discussions approfondies qu'elle a tenues avec les divers organismes de réglementation et les autres parties intéressées du secteur financier. Le conseil d'administration de la SADC se fondera sur les dispositions du présent document pour déterminer si une institution membre adopte des pratiques commerciales et financières saines et se conforme aux normes de gestion du capital établies en vertu du Règlement administratif.  1, record 12, French, - Code%20des%20pratiques%20commerciales%20et%20financi%C3%A8res%20saines%20%3A%20gestion%20du%20risque%20de%20change

Record 12,  Textual support,  Spanish

Record 13,  Textual support,  English

Record number: 13, 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 13, English, - position%20risk

Record 13,  Textual support,  French

Record number: 13, 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 13, French, - risque%20de%20placement

Record 13,  Textual support,  Spanish

Record 14,  Textual support,  English

Record number: 14, Textual support number: 1 OBS

It is a commonly held view that if Western countries want to avoid import restrictions, they should guarantee fixed interest rates on the debt to insulate countries like Brazil from the incredible risk you face if interest rates rise beyond current levels. Because of this foreign debt situation, the government can only achieve the trade surplus by restricting imports through the awarding of import permits and foreign exchange allotments.  1, record 14, English, - foreign%20exchange%20allotment

Record 14,  Textual support,  French

Record 14,  Textual support,  Spanish

Record 15,  Textual support,  English

Record number: 15, Textual support number: 1 CONT

Because the forward price of foreign exchange is in general equal to the price expected in the future plus a risk premium, we tested the joint hypothesis known as the "speculative efficiency hypothesis" which states that :(i) markets are efficient;(ii) risk premiums are constant; and(iii) transactions costs are negligible. It should be noted that it is not possible to test condition(i) alone.  1, record 15, English, - speculative%20efficiency%20hypothesis

Record 15,  Textual support,  French

Record number: 15, Textual support number: 1 CONT

Parce que le cours du terme d'une devise est en général égal au cours que l'on prévoit pour l'avenir, plus une prime de risque, nous avons testé les hypothèses conjointes connues sous le nom «d'hypothèses de l'efficience spéculative», selon lesquelles : i) les marchés des changes sont efficients; ii) les primes de risque sont constantes et iii) les coûts de transaction sont négligeables. Il faut toutefois noter qu'il n'est pas possible de tester isolément la première hypothèse.  1, record 15, French, - hypoth%C3%A8se%20de%20l%27efficience%20sp%C3%A9culative

Record 15,  Textual support,  Spanish

Record 16,  Textual support,  English

Record number: 16, Textual support number: 1 CONT

The risk premium on foreign currency, when it exists, can be either positive or negative, and will by definition have associated with it a risk premium of opposite sign on the domestic currency. Since domestic and foreign residents therefore cannot mutually obtain a premium on each others’ currencies, this premium cannot be related solely to exchange rate variability.  1, record 16, English, - exchange%20rate%20variability

Record 16,  Textual support,  French

Record number: 16, Textual support number: 1 CONT

La prime de risque sur une devise étrangère, si prime il y a, peut être positive ou négative, et s'accompagne par définition d'une prime de signe opposé sur la monnaie nationale. Comme il est impossible que les résidents d'un pays donné et ceux de l'étranger obtiennent en même temps des primes positives sur la monnaie de l'autre pays, cette prime ne peut avoir pour seule origine la «variabilité» des taux de change.  1, record 16, French, - variabilit%C3%A9%20des%20taux%20de%20change

Record 16,  Textual support,  Spanish