| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,727,606,533 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Foreign Currency Forward Contract |
0.02 sec. |
|
Foreign currency forward contract Agreement that obligates its parties to exchange given quantities ofcurrencies at a prespecified exchange rate on a certain future date. Foreign Currency Forward Contract An agreement between two parties to exchange a certain amount in currencies at a certain rate at a certain time. When a forward contract of any sort is made, terms are negotiated directly between the parties, unlike a futures contract, which trades on an exchange. Partly because there is little secondary market for forward contracts, determining the forward price is a zero-sum game: one party will gain on the contract and one will lose. Thus, in a foreign currency forward contract, each party believes that the prevailing exchange rate will move in a direction favorable to him/her by the expiry of the contract. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
However, for guidance on determining the fair value of a foreign currency forward contract, CPAs should look to Statement no. 9 million due largely to a fair value adjustment in respect of a foreign currency forward contract which is not accounted for as a hedge. 7 million due largely to a fair value adjustment in respect of a foreign currency forward contract which is not accounted for as a hedge. |
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|