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koersverrekeningsovereenkomst

English translation: exchange rate agreement


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:koersverrekeningsovereenkomst
English translation:exchange rate agreement
Entered by: CJG
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20:16 Jan 25, 2007
Dutch to English translations [PRO]
Law/Patents - Finance (general) / correspondence
Dutch term or phrase: koersverrekeningsovereenkomst
"Het geldconserveringsprincipe zorgt ervoor dat de actuele waarde van de in omloop zijnde koersverrekeningsovereenkomsten te allen tijde gelijk is aan de op koersverrekeningsovereenkomsten ingelegde gelden."

And ditto for this term. TIA. Cheers, R.
Robert Kleemaier
Local time: 23:55
exchange rate agreement
Explanation:
Exchange Rate Agreement

This is a foreign exchange derivative contract based on a synthetic or constructed forward contract in which settlement is based on the difference between two foreign exchange forward rates and not the spot rate. In contrast, a standard forward exchange agreement or FXA is based on the difference between the forward rate on the start date of the contract and the spot rate at settlement
Selected response from:

CJG
Netherlands
Local time: 08:55
Grading comment
Merci.
4 KudoZ points were awarded for this answer



Summary of answers provided
4exchange rate agreementCJG


  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
exchange rate agreement


Explanation:
Exchange Rate Agreement

This is a foreign exchange derivative contract based on a synthetic or constructed forward contract in which settlement is based on the difference between two foreign exchange forward rates and not the spot rate. In contrast, a standard forward exchange agreement or FXA is based on the difference between the forward rate on the start date of the contract and the spot rate at settlement



    Reference: http://glossary.reuters.com/index.php/Exchange_rate_agreemen...
CJG
Netherlands
Local time: 08:55
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 12
Grading comment
Merci.
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