Category: glossary , Asked by: Cristofer B. From United Kingdom
A: An acronym standing for "short-term interest rate" options or futures contract. Many companies and financial institutions use STIR contracts to hedge against borrowing or lending exposure. Visit ForexWebTrader
Category: technical by Jamie K. From United States
You should look for a forex site that's licensed and certificated by identified associations, for example ARIF. If you know a site is certificated by ARIF, you can ensure your money is safe in it. An outstanding example for such a forex site is "Dukascopy".
Category: glossary by F. Walton from Livonia, United States
"assignment of proceeds " is A document transferring all or part of the proceeds from a letter of credit to a third party beneficiary. To receive an assignment of proceeds, the beneficiary of a letter of credit is required to submit, in writing, a request to the bank to assign the funds to a different person or company. Once approved, the bank will disperse the funds accordingly, pending the fulfillment of any requirements set forth in the letter of credit. However, if the principal party does not meet the obligations outlined in the letter of credit, no assignment will take place.
Category: glossary by M. Anthony from Belfast, United Kingdom
a "bund " is The German government's federal bond. The bund is issued to the public as a way for the German government to finance its spending. The bund is like the Treasury bonds in the U.S. They are government-backed instruments of the highest quality.
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