persistent FX basis

German translation: Cross-Currency-Basis

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:persistent FX basis
German translation:Cross-Currency-Basis
Entered by: Dorothee Rault

12:50 Feb 5, 2018
English to German translations [PRO]
Bus/Financial - Investment / Securities
English term or phrase: persistent FX basis
Aus einem Fondsbericht:

In regional aspects we have been reducing the US exposure in favor of European markets due to relative value and yield pickup given a "persistent FX basis" supporting the hedge into USD.

Wird "FX basis" auch im Deutschen verwendet? Was bedeutet dies genau?

Vielen Dank im Voraus!
Dorothee Rault
France
Local time: 04:20
Cross-Currency-Basis
Explanation:
Ich denke, dass das kurz für "Cross Currency-Basis" ist, was ich so auch im Deutschen verwenden würde.

Nähere Erklärungen, worum es sich dabei handelt, finden sich in den verlinkten Artikeln.

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Note added at 4 hrs (2018-02-05 17:16:11 GMT)
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"In our model, cross-currency basis, which captures the deviations from covered interest rate parity (CIP), reflects the relative value of the scarcer currency (US dollar) as collateral in funding constraints."
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2167716

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Note added at 4 hrs (2018-02-05 17:23:52 GMT)
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"The cross-currency basis, which is the basis spread added mainly to the U.S. dollar London Interbank Offered Rate (USD LIBOR) when the USD is funded via foreign exchange (FX) swaps using the Japanese yen or the euro as a funding currency" https://www.boj.or.jp/en/research/wps_rev/rev_2016/data/rev1...
Selected response from:

Matthias Eng
Germany
Local time: 04:20
Grading comment
Herzlichen Dank, Matthias!
4 KudoZ points were awarded for this answer



Summary of answers provided
3Cross-Currency-Basis
Matthias Eng


Discussion entries: 1





  

Answers


4 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
persistent fx basis
Cross-Currency-Basis


Explanation:
Ich denke, dass das kurz für "Cross Currency-Basis" ist, was ich so auch im Deutschen verwenden würde.

Nähere Erklärungen, worum es sich dabei handelt, finden sich in den verlinkten Artikeln.

--------------------------------------------------
Note added at 4 hrs (2018-02-05 17:16:11 GMT)
--------------------------------------------------

"In our model, cross-currency basis, which captures the deviations from covered interest rate parity (CIP), reflects the relative value of the scarcer currency (US dollar) as collateral in funding constraints."
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2167716

--------------------------------------------------
Note added at 4 hrs (2018-02-05 17:23:52 GMT)
--------------------------------------------------

"The cross-currency basis, which is the basis spread added mainly to the U.S. dollar London Interbank Offered Rate (USD LIBOR) when the USD is funded via foreign exchange (FX) swaps using the Japanese yen or the euro as a funding currency" https://www.boj.or.jp/en/research/wps_rev/rev_2016/data/rev1...


Example sentence(s):
  • For the handful of Alphaville readers who don’t remember one of the most exciting stories of 2016, the picture shows the widening difference between the cost of borrowing dollars in America and the cost of borrowing dollars in Japan.
  • Im Dezember des letzten Jahres erregte ein Anstieg der Cross Currency-Basis der Hauptwährungen gegenüber dem US-Dollar an den Märkten Aufmerksamkeit. Worum handelt es sich bei der Cross Currency-Basis („die Basis“) eigentlich?

    Reference: http://ftalphaville.ft.com/2017/10/11/2194672/cross-currency...
    Reference: http://www.fundresearch.de/research/bond-vigilantes-was-ist-...
Matthias Eng
Germany
Local time: 04:20
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 315
Grading comment
Herzlichen Dank, Matthias!
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