CURRENCY FORWARD
In foreign exchange market, a binding contract which sets the exchange rate for purchasing or selling a currency in the future. It is a hedging tool in essence that does not involve any upfront payment. The other key benefit of currency forward is it can be designed to a specific amount and delivery period. The settlement can be either in cash or on a delivery basis, granted the option is mutually acceptable and stated beforehand in the contract. These are over-the-counter instruments. Also called outright forward.
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Bullet Loan
Balloon loan paid at the end of the term. The loan will be refinanced to fulfill the balloon payment obligation.
One-Bank Holding Company
A one-bank holding company holds at least a quarter of a commercial bank’s voting stock. Companies of this type led to the formation of lever ...
Foreign Credit Insurance Association - FCIA
A voluntary agency that provides insurance for U.S. exporters. It was formed in 1961.
John Elkann
Chairman of Italian automaker Fiat, and Chairman and Chief Executive Officer of investment company Exor. Both companies are controlled by the Agnel ...
Expected Return
Amount an investor would expect on the return of an investment with various known or expected return rates. This is computed by getting the average ...
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