TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 DEF

A financial transaction in which securities, commodities or foreign exchange are bought or sold at the current price for immediate delivery.  2, record 1, English, - spot%20contract

Record number: 1, Textual support number: 1 CONT

Precious metals contracts and financial contracts on commodities can involve spot, forward, futures and option contracts. Precious metals are mainly gold, silver and platinum. Commodities are bulk goods such as grains, metals and foods traded on a commodities exchange or on the spot market. [Office of the Superintendent of Financial Institutions].  3, record 1, English, - spot%20contract

Record number: 1, Textual support number: 1 OBS

Compare with "forward contract" and "futures (contract)".  4, record 1, English, - spot%20contract

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 CONT

Les contrats sur les métaux précieux et les contrats financiers sur les marchandises peuvent prendre la forme de contrats au comptant, de contrats à effet différé, de contrats à terme et de contrats à option. Les métaux précieux sont principalement l'or, l'argent et le platine. Les marchandises sont des biens en vrac comme les grains, les métaux et les aliments échangés dans une bourse de denrées ou sur le marché au comptant. [Bureau du surintendant des institutions financières].  2, record 1, French, - contrat%20au%20comptant

Record 1,  Textual support,  Spanish

Record number: 1, Textual support number: 1 DEF

Transacción financiera en la que los títulos, mercancías o divisas se compran o venden al precio vigente en el momento de la transacción para entrega inmediata.  1, record 1, Spanish, - contrato%20al%20contado

Record 2,  Textual support,  English

Record number: 2, 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 2, English, - swap%20agreement

Record number: 2, 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 2, English, - swap%20agreement

Record number: 2, 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 2, English, - swap%20agreement

Record number: 2, Textual support number: 3 CONT

A swap line is another term for a temporary reciprocal currency arrangement between central banks.  10, record 2, English, - swap%20agreement

Record 2,  Textual support,  French

Record number: 2, 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 2, French, - accord%20de%20swap

Record number: 2, 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 2, French, - accord%20de%20swap

Record 2,  Textual support,  Spanish

Record number: 2, Textual support number: 1 OBS

Entre bancos centrales.  1, record 2, Spanish, - acuerdo%20de%20cr%C3%A9dito%20rec%C3%ADproco%20a%20corto%20plazo

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 DEF

...a cross-currency basis swap (floating-against-floating) that does not involve any exchange of principal, even at maturity.  5, record 3, English, - differential%20swap

Record number: 3, Textual support number: 1 CONT

Diff swaps, also known as currency-protected or cross-rate swaps, allow investors to enjoy higher interest rates without facing exchange rate risk.  4, record 3, English, - differential%20swap

Record number: 3, Textual support number: 2 CONT

A differential swap is often termed a correlation product, since its payout is modified by the correlation between the relevant foreign exchange and interest rates in the transaction.  6, record 3, English, - differential%20swap

Record number: 3, Textual support number: 3 CONT

Both streams of interest payments through a diff swap are calculated with reference to the same notional principal amount of the same currency and both streams of interest are actually paid in this currency.  5, record 3, English, - differential%20swap

Record 3,  Textual support,  French

Record number: 3, Textual support number: 1 DEF

Swap dans lequel le notionnel est libellé dans une monnaie, tandis que les flux d'intérêts de l'une des parties, bien que réglés dans la même monnaie, sont fixés sur la base d'une autre monnaie de référence.  3, record 3, French, - swap%20diff%C3%A9rentiel

Record 3,  Textual support,  Spanish

Record 4,  Textual support,  English

Record number: 4, Textual support number: 1 DEF

A financial transaction in which securities, commodities or foreign exchange are bought or sold at a stipulated price for delivery on a specified future date.  5, record 4, English, - over%2Dthe%2Dcounter%20forward%20contract

Record number: 4, Textual support number: 1 CONT

Being OTC securities, forwards are non-standardized and can easily be customized through negotiation by the parties involved. There is no initial cash outlay for engaging in the contract and the customer is obligated to settle with the original counterparty. There is no clearinghouse for the transaction and secondary markets for forwards are thin (if they exist at all).  6, record 4, English, - over%2Dthe%2Dcounter%20forward%20contract

Record 4,  Textual support,  French

Record number: 4, Textual support number: 1 DEF

Contrat à terme négocié de gré à gré entre deux parties, les conditions pouvant être conçues sur mesure pour répondre aux besoins particuliers des contractants.  2, record 4, French, - contrat%20%C3%A0%20terme%20de%20gr%C3%A9%20%C3%A0%20gr%C3%A9

Record number: 4, Textual support number: 1 CONT

Les contrats à terme simples ne sont pas normalisés et peuvent facilement être adaptés durant les négociations entre les deux parties. Aucun versement initial n'est requis pour conclure le contrat mais le client est tenu de traiter avec la contrepartie originale. Aucun organisme central ne s'occupe de la transaction et les marchés secondaires pour ce type de contrat à terme sont relativement rares (quand ils existent).  4, record 4, French, - contrat%20%C3%A0%20terme%20de%20gr%C3%A9%20%C3%A0%20gr%C3%A9

Record 4,  Textual support,  Spanish

Record 5,  Textual support,  English

Record number: 5, Textual support number: 1 DEF

A transaction carried out by an official agency to provide(or absorb) foreign exchange to(or from) an individual carrying on another transaction.  3, record 5, English, - compensatory%20official%20financing

Record 5,  Textual support,  French

Record 5,  Textual support,  Spanish

Record 6,  Textual support,  English

Record number: 6, Textual support number: 1 CONT

... a transaction ticket in respect of every currency exchange transaction, that may take the form of an entry in a transaction register, and that indicates(i) the date, the amount and the type of currency of the purchase or sale,(ii) the method, amount and currency of payment made or received, as the case may be, and(iii) in the case of a transaction in excess of $1, 000, or its equivalent in a foreign currency, that is carried out by an individual, the name of that individual...  1, record 6, English, - transaction%20register

Record 6,  Textual support,  French

Record number: 6, Textual support number: 1 CONT

[...] pour chaque opération de change, une fiche d'opération qui peut consister en une inscription d'un registre des opérations et qui indique : (i) la date de l'opération, le montant et le type des devises achetées ou vendues, (ii) le mode de paiement utilisé et le montant et le type de devises du paiement effectué ou reçu en échange, (iii) dans le cas d'une opération de plus de 1 000 $, ou son équivalent en devises étrangères, effectuée par un individu, le nom de cet individu [...]  1, record 6, French, - registre%20des%20op%C3%A9rations

Record 6,  Textual support,  Spanish

Record 7,  Textual support,  English

Record number: 7, Textual support number: 1 CONT

... a transaction ticket in respect of every currency exchange transaction, that may take the form of an entry in a transaction register, and that indicates(i) the date, the amount and the type of currency of the purchase or sale,(ii) the method, amount and currency of payment made or received, as the case may be, and(iii) in the case of a transaction in excess of $1, 000, or its equivalent in a foreign currency, that is carried out by an individual, the name of that individual...  1, record 7, English, - transaction%20ticket

Record 7,  Textual support,  French

Record number: 7, Textual support number: 1 CONT

[...] pour chaque opération de change, une fiche d'opération qui peut consister en une inscription d'un registre des opérations et qui indique : (i) la date de l'opération, le montant et le type des devises achetées ou vendues, (ii) le mode de paiement utilisé et le montant et le type de devises du paiement effectué ou reçu en échange, (iii) dans le cas d'une opération de plus de 1 000 $, ou son équivalent en devises étrangères, effectuée par un individu, le nom de cet individu [...]  1, record 7, French, - fiche%20d%27op%C3%A9ration

Record 7,  Textual support,  Spanish

Record 8,  Textual support,  English

Record number: 8, Textual support number: 1 CONT

Thus the total transaction cost for the betting strategy proposed, which involves a purchase or sale of foreign exchange at the forward exchange rate and a subsequent sale or purchase of foreign exchange in the spot market at the time the contract matures, is one half of the forward rate spread plus one half of the pertinent spot rate spread.  2, record 8, English, - forward%20rate%20spread

Record 8,  Textual support,  French

Record number: 8, Textual support number: 1 CONT

Par conséquent, le coût total des transactions pour la stratégie de pari proposée, qui comporte un achat ou une vente de devises au cours du terme et par la suite, à l'échéance du contrat, une vente ou un achat de devises sur le marché du comptant, est égal à la moitié de l'écart entre les cours du terme, plus la moitié de l'écart entre les cours pertinents du comptant.  3, record 8, French, - %C3%A9cart%20entre%20les%20cours%20du%20terme

Record 8,  Textual support,  Spanish

Record 9,  Textual support,  English

Record number: 9, Textual support number: 1 CONT

Thus the total transaction cost for the betting strategy proposed, which involves a purchase or sale of foreign exchange at the forward exchange rate and subsequent sale or purchase of foreign exchange in the spot market at the time the contract matures, is one half of the forward rate spread plus one half of the pertinent spot rate spread.  2, record 9, English, - spot%20rate%20spread

Record 9,  Textual support,  French

Record number: 9, Textual support number: 1 CONT

Par conséquent, le coût total des transactions pour la stratégie de pari proposée, qui comporte un achat ou une vente de devises au cours du terme et par la suite, à l'échéance du contrat, une vente ou un achat de devises sur le marché du comptant, est égal à la moitié de l'écart entre les cours du terme, plus la moitié de l'écart entre les cours pertinents du comptant.  2, record 9, French, - %C3%A9cart%20entre%20les%20cours%20du%20comptant

Record 9,  Textual support,  Spanish

Record 10,  Textual support,  English

Record number: 10, Textual support number: 1 OBS

(...) where each transaction requires a government license and where the foreign exchange rate may be different for different kinds of transactions, being set according to the will of the state.  1, record 10, English, - controlled%20international%20trade

Record 10,  Textual support,  French

Record 10,  Textual support,  Spanish