ASSIGNMENT OF PROCEEDS
The document which transfers a part or all of the proceeds coming from a letter of credit towards a third party benefit. In order to acquire an assignment of proceeds, the letter of credits' beneficiary must give, in writing, a request to the bank for the assignment of the funds to an alternative individual or company.
POPULAR TERMS
Housing Bonds
Bonds that are issued to finance a municipal construction project such as housing development.
Fixed Price
The leg of a swap that is based on an unchanging interest rate. A plain vanilla interest rate swap is an exchange of two streams of cash flows. Bot ...
Capital Goods Sector
A classification of stocks connected to the distribution or manufacture of goods. This division is diverse, involving firms that produces machinery ...
Day-Count Convention
It is used to determine the number of days in a two coupon dates where it is very important in calculating accrued interest. There are several diff ...
Resolution Funding Corporation - REFCORP
A mixed-ownership government corporation established by Congress in 1989 in conjunction with the Resolution Trust Corporation (RTC). The two corpor ...
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Student Loans: Repaying Debts Faster
Student loans may not be paid overnight, but we want to pay it off in a fastest way possible. Is it possible?
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Student Loans: Private Loans
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A Guide to Your Personal Income Tax: Common Filing Mistakes
Failure to file the return on time is the most common mistake committed by taxpayers. Here are some of the other mistakes, which can cost you a lot ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | Aug | |
| 11:00 | Ifo Business Climate Index | Oct | |
| 11:00 | Ifo Current Assessment | Oct | |
| 11:00 | IFO - Expectations | Oct | |
| 13:00 | Bundesbank Monthly Report | ||
| 16:00 | New Home Sales | Sep | |
| 17:30 | SNB Chairman Thomas Jordan Speaks | ||
| 23:45 | Trade Balance | Sep | |
| 04:30 | RBA Deputy Governor Guy Debelle Speaks |
