Cross Currency

Cross Currency

In foreign exchange, two currencies that are exchanged without first converting one or the other into United States dollars. At the end of World War II, most currencies were pegged to the dollar as the United States was the only major country to come out of the war with little damage. This meant that confidence in the dollar was strong, especially since it was also pegged to gold. Since then, currencies have begun to be traded without reference to the dollar; these are known as cross currencies. See also: Bretton Woods.
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BSE has received SEBI approval for introducing cross currency derivatives (future and options) on pairs such as Euro (EUR)-US Dollar (USD), Pound Sterling (GBP)-USD and USD-Japanese Yen (JPY).
Summary: Mumbai (Maharashtra) [India], Feb 21 (ANI): The Bombay Stock Exchange (BSE) on Wednesday received the approval from Securities and Exchange Board of India (SEBI) for introducing cross currency derivatives (future and options) on pairs such as Euro (EUR) - US Dollar (USD), Pound Sterling (GBP) - USD and USD - Japanese Yen (JPY).
The unique Renminbi (RMB) clearing solution for RMB-focused products like USD/CNH2 Cross Currency Swaps and CNY3 7-day Repo Non-Deliverable Swaps offered by OTC Clear is one of the key drivers for major market makers like BNP to join and make use of our service.
Ijlal explained the working of Hedging Product Confirmations namely those relating to Islamic Profit Rate Swaps, Islamic Cross Currency Swaps and Islamic FX Forwards, which are required to mitigate currency or rate of return mismatch risk.
M2 EQUITYBITES-November 26, 2015-CLS and Markit launches new FX settlement service for cross currency swaps
We have had a promising start to the year, particularly with the performance of some of the exchange's more recent contracts such as the two new pairs of Mini Indian Rupee Cross Currency Futures and MSCI Futures, Gaurang Desai, interim chief executive officer, DGCX.
8220;Corcentric's automated cross currency application allows Pinnacle Fleet Solutions participants to make purchases on their existing Pinnacle account in other countries by having all their purchases processed in their currency of origin.
dollar and middle rates of the cross currency quotes at noon.
But cross currency movements ( euro and British pound losing against the US dollar) might have hit its revenues by about two per cent, bringing down its topline growth to around three per cent," said Harit Shah, IT analyst at Karvy Stock Broking.
The airline also saw a high negative change in the fair value of cross currency interest rate swaps.
International Resource News-26 November 2008-Connacher Oil Closes Cross Currency Asset Swap(C)2008 ENPublishing - http://www.
This platform also helps clients to convert an existing manual process into an end to end STP solution for cross currency payments.