Swiss Bank Account Offshore non-resident Opening Swiss Bank Accounts

Enjoy the security and privacy of your own Swiss bank accounts. Switzerland offers the best banking secrecy and stability in the world. We help you to open your account at a major Swiss bank. Also you can open a USA Bank Account for non resident.

Open your Swiss bank accounts for as low as U$D 149 Limited Time Offer.

Excellent Internet Banking Systems.
Dedicated account managers.
No Minimum Deposit Required
Receiving money trough SWIFT is FREE
SWIFT transfers available for as low a $15 per transaction
Multicurrency - USD EUR CHF
24x7 Excellent online real-time banking system, highly secure login.
24x7 World-wide Access to your funds.
VISA and Mastercard Gold available can be used anywhere in the world.
Bill payment and wire transfers money can be done online in all currencies to all countries.
Transfer money into your bank account anytime, anywhere.
Protected by Swiss banking secrecy
Swiss government insurance : your funds will be literally in the safest place in the world.
Currently only persons domiciled in the above list can register online.

Argentina, Australia, Bahrain, Belgium, Brazil, Brunei Darussalam, Bulgaria, Canada, Canary Islands, Chile, China, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Ecuador, El Salvador, Finland, France, French Antilles, French Guyana, Germany, Gibraltar, Granada, Greece, Greenland, Guadaloupe, Guernsey, Honduras, Hong Kong, Hungary, Iceland, India, Ireland, Israel, Italy, Japan, Korea (South), Kuwait, Lebanon, Liechtenstein, Luxembourg, Malta, Martinique, Mauritius, Mexico, Monaco, Morocco, Netherlands, New Zeland, Norway, Oman, Panama, Peru, Poland, Portugal, Puerto Rico, Qatar, Romania, Russian Fed, San Marino, Saudi Arabia, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, Taiwan, Thailand, Tunisia, Turkey, United Arab Emirates, United Kingdom, United States, Uruguay, Venezuela, Vietnam.

We make offshore bank account setup easy: Just a copy of your passport

The range of services includes:

online securities trading on SWX, Virt-x, Xetra, Euronext, Nasdaq, NYSE, Amex, Scandinavian markets, Euwax,Vontobel (off-exchange)
over-the-phone securities trading on 60 exchanges in 40 countries
online sale of more than 4,000 investment funds, partnerships with various issuers
online forex trading on CHF, EUR, USD, SEK, DKK, and NOK accounts
Lombard loans in CHF, EUR and USD
term and fiduciary deposit investments
banking system for independent asset managers (IAM tool) and Eurex trading for asset managers
banking platform in four languages (D, F, I, E)
services of a customer care centre in six languages (D, F, I, SP, E, S) during trading hours
"Level 3" access identification

Open your Swiss bank accounts for as low as U$D 149!

You can open your USA bank account for as low as U$D 149 and If for any reason your application will be rejected we will give you your money back!

USA Bank Account:

You get a FREE VISA ATM check card (Debit Card).
You Can Write Checks!
You can deposit USD checks issued by a US bank.
No reference letter from other banks required.
No credit check.
Receive Inward Wire Transfer from anyone.
It has an international SWIFT code and Routing Number.
Initiate ACH transfer TO and FROM your other US bank accounts for FREE!
You can choose electronic statements (PDF) or paper statements.
Initial Deposit of $1,000 only.
Excellent 24/7 Email and Phone Support.
Publicly Listed Company traded on NYSE (New York Stocks Exchange).

Opening an USA Bank Account for non-residents

Nothing is hidden : our website explains in detail our services, what you will receive and the procedures. Our F.A.Q. page is extremely detailed.

Our support is second to none : we reply to most emails within 24 hours (even in minutes if we will receive them during business hours).

Money back guarantee : if for any reason the bank will reject your application we will give your money back.

Offshore bank account' is the name given to the bank accounts that are held by non-residents in a foreign country. The main advantage is the bank account owned by the customer is held 100% private and confidential, for which bank secrecy laws apply, in that country where the bank is located. Your friends, spouses, tax authorities, personal enemies, government can never have access of your financial records. Very importantly, offshore accounts are tax free, no capital gains, attractive investments, and direct access to the trade markets. Recent survey shows that thousands of people flock to offshore havens every day to gain financial independence and privacy.

The Swiss National Bank has one of the highest reserves of Gold bullion to back up its currency. There is no tax on foreign money. Your protection is guaranteed by centuries of tradition and law in Switzerland. Over the last decades the Swiss franc has held its value better than any other currency in the world. The Swiss franc is backed more than 100% by gold located in the reserves of the central bank. The Swiss government was strong enough to resist Hitler and will continue to confront unreasonable coercion by governments around the world – quite a benefit to investors in times of financial or political crisis.

Swiss Account Offshore Consulting is a division of NGN Consulting Group

The information contained in this Website is not meant to substitute qualified legal advice given by a specialist knowing your particular situation. We are not a bank and can’t be held responsible for any loss or damages whether direct, incidental, indirect, special, or consequential, among others, relating access to this W eb site. Read our Disclaimer / Terms and Conditions.

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Agio Difference value between currencies. used describe percentage charges conversion paper money into cash, weak into strong currency. American Option option may be exercised any time prior expiration. Compared with European option can only be exercised specific date. Arbitrage simultaneous purchase sale different markets, same equivalent financial instruments profit price currency differentials. exchange rate differential Swap points. May be derived Deposit Rate differentials. Ask price currency instrument offered. Instantly start to accept multicurrency credit cards, debit cards and checks on your website for a low fee. No merchant account required. International vendors accepted. 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Best instruction given dealer buy sell best rate can be obtained. Better order deal specific rate better. --Money option whose strike/exercise price equal near current market price underlying instrument. Back Office Settlement related processes. <a href="http://www.swisscorporatebankaccount.com"> Balance Payments systematic record economic transactions during given period . (1) term often used mean either: (i) balance payments "current account"; (ii) current account plus certain long term capital movements. (2) combination trade balance, current balance, capital account invisible balance, together make up balance payments total. Prolonged balance payment deficits tend lead restrictions capital transfers, decline currency values. Balance Trade value exports less imports. Invisibles are normally excluded, otherwise referred mercantile physical trade. Bank Line Line credit granted bank customer, known "line". Bank Notes Bank notes are paper issued central issuing bank are legal tender, but are not usually considered be part FX market. However bank notes can be converted, some countries, into FX. Bank notes are normally priced premium current spot rate currency. Bank Rate rate central bank prepared lend money its domestic banking system. Banking Day trading day value date. Barrier Option family path dependent options whose pay-off pattern survival expiration date depend not only final price underlying currency but whether not underlying currency breaks predetermined price level any time during life option. Down Out call/put, Down call/put, Up out call/put, Up call/put. Base Currency currency operating results bank institution are reported. Basis Point One per cent one per cent. Basis difference between cash price futures price. Bear Put Spread spread designed exploit falling exchange rates purchasing put option with high exercise price selling one with low exercise price. Bear Market prolonged period generally falling prices. Bear investor who believes prices are going fall. Bid price buyer has offered purchase currency instrument. Big Figure Refers normally first three digits exchange rate dealers treat understood quoting. example quote "30/40" dollar mark could indicate price 1.5530/40 Black-Scholes Model option pricing formula initially derived Fisher Black Myron Scholes securities options later refined Black options futures. widely used currency markets. Break Even Point price financial instrument option buyer recovers premium, meaning he makes neither loss nor gain. case call option, break even point exercise price plus premium. Break Out options market, undoing conversion reversal restore option buyer's original position. Broken Dates Period Deals are undertaken value dates are not standard periods e.g. 1 month. standard periods are 1 week, 2 weeks, 1, 2, 3, 6 12 months. Terms used are odd dates, cock dates, broken dates broken period. Broker-Dealer Dealer. Broker agent, who executes orders buy sell currencies related instruments either commission spread. Brokers are agents working commission not principals agents acting their own account. foreign exchange market, brokers tend act intermediaries between banks bringing buyers sellers together commission paid initiator both parties. There are four five major global brokers operating through subsidiaries affiliates partners many countries. Brokerage Commission charged broker. BUBA Bundesbank, reserve bank Germany. Bull Market prolonged period generally rising prices. Bull (call put) Spread option position composed both long short options same type, either calls puts, designed be profitable declining market. option with lower strike price bought one with higher strike price sold. Bull investor who believes prices are going rise. Bullion term gold bars, not coin. Bundesbank Central Bank Germany. Butterfly Spread (1) futures butterfly spread spread trade multiple futures months are traded simultaneously differential. trade basically consists two futures spread transactions with either three four different futures months one differential. (2) options butterfly spread combination bear bull spread trade multiple options months strike prices are traded simultaneously differential. trade basically consists two options spread transactions with either three four different options months strikes one differential. Buyer/Taker purchaser option, whether call put option. buyer may be referred option holder. Option buyers receive right, but not obligation, enter futures/securities market position. Buying Rate Rate market market maker particular willing buy currency. Sometimes called bid rate. Buying Spread buy nearby contract simultaneously sell deferred contract. referred bull spread. Cable term used foreign exchange market US Dollar/British Pound rate. Calendar Spread option position comprised purchase sale two option contracts same type with different expiration dates same exercise price. Call Option call option confers right but not obligation buy stock, shares futures specified price. Call (1) option gives holder right buy underlying instrument specified price during fixed period. (2) period trading. (3) right bond issuer pre pay debt demand surrender its bonds. Cambiste French term foreign exchange dealer. Cash Delivery Same day settlement. CBOE Chicago Board Options Exchange. CBOT CBT Chicago Board Trade. CD Certificate Deposit. 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Certificate Deposit (CD) negotiable certificate bearer form issued commercial bank evidence deposit with bank states maturity value, maturity rate interest rate payable. CDs vary size with maturities ranging few weeks several years. CDs may normally be redeemed before maturity only sale secondary market but may be redeemed back issuing bank through payment penalty. Chartist individual who studies graphs charts historic data find trends predict trend reversals include observance certain patterns characteristics charts derive resistance levels, head shoulders patterns, double bottom double top patterns are thought indicate trend reversals. Clearing process setting number items against one another making fund transfers net balance only part settlement process. Closed Position transaction leaves trade with zero net commitment market with respect particular currency. Closing Purchase Transaction purchase option identical one already sold liquidate position. 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Durable Goods Orders are major indicator manufacturing sector trends because most industrial production done order. Easing Modest decline price. Economic Indicator statistic indicates current economic growth rates trends such retail sales employment End/End Indicates both spot forward maturity, two forward maturities swap transaction, fall due last business day appropriate calendar months. Euro Clear computerized settlement depository system safe custody, delivery , payment Eurobonds. Eurobonds long-term loan issued currency other than market issued. Interest paid without deduction tax. Eurocurrency currency domiciled outside its origin normally held non residents. Eurodollars US dollars deposited bank (US non US) located outside USA. Eurofranc Swiss Franc Belgian Francs traded Eurocurrency market. Normally Swiss Francs are more common currency. Euromark Deutschmarks traded Eurocurrency market. European Option option can be exercised only its expiration date rather than before date. European Union group formerly known European Community. Exchange Control system controlling inflows outflows foreign exchange, devices include licensing multiple currencies, quotas, auctions, limits, levies surcharges. Exercise Notice formal notification holder call ( put) option wishes buy ( sell) underlying security exercise price. Exercise Limit limit number options contracts holder may exercise within specific period. Exercise Price Strike price. Exercise Value call option, this amount strike price below underlying investment; put option, amount strike price above underlying investment. Exotic less broadly traded currency. Expiration Date (1) Options last date after option can no longer be exercised. (2) Bonds- date bond matures. Expiration Month month option expires. Expiry Date last date option can be bought sold. Exposure Position Mismatch. Various methods calculating exposure exist (i) Net working capital current assets foreign currency minus current liabilities currency; (ii) Net financial method current assets foreign currency minus current liabilities long term debt currency; (iii) Monetary/non-monetary method Monetary assets liabilities foreign currency are valued present exchange rates, while non-monetary items are entered relevant historic rates. Fast Market Rapid movement market caused strong interest buyers / sellers. such circumstances price levels may be omitted bid offer quotations may occur too rapidly be fully reported. Fed Fund Rate interest rate Fed funds. This closely watched short term interest rate signals Feds view state money supply. Fed Funds Cash balances held banks with their local Federal Reserve Bank. normal transaction with these funds inter bank sale Fed fund deposit one business day. Straight deals are where funds are traded overnight unsecured basis. Fed United States Federal Reserve. Federal Deposit Insurance Corporation Membership compulsory Federal Reserve members. corporation had deep involvement Savings Loans crisis late 80s. Federal Open Market Committee FOMC. Federal Reserve Board board Federal Reserve System, appointed US President 14 year terms, one whom appointed four years chairman. Federal Reserve System central banking system US comprising 12 Federal Reserve Banks controlling 12 districts under Federal Reserve Board. Membership Fed compulsory banks chartered Controller Currency optional state chartered banks. Financial Future futures contract based financial instrument. numbered account, number account,Swiss Bank Account offers - Swiss Bank Accounts - Swiss Private Banks - Swiss Private Banking Accounts - Offshore Asset Trusts - Wealth Managers - Wealth Protection - Overseas Private Banking - Inheritance Planning - Investment Advice - Venture Capital - Family Office - Trust Formation - International Swiss Private Accounts Investment banking - Investment bank - Portfolios - Stock Markets - money market fund Investment Manager - Stocks and Shares - Real Estate - Gold Precious Metals & Stones - Money Managers - Wealth and Asset Management Services - Investment bankers Asset Protection - Taxation Law - Wealth Management - Offshore Asset Protection Trust - Tax Avoidance - Tax Consultants - Trust and Foundation Managers - International Business Company opening and managing onshore and offshore corporations, trusts, foundations, partnerships limited liability companies entities jurisdictions Corporations: British Virgin Islands, Cayman Islands, Ireland, Holland, Hungary, Thailand, Mauritius. Foundations: Liechtenstein, Curacao, Panama, Trusts: Cayman Islands, British Virgin Islands, Nova Scotia, Belize, Isle of Man, Scotland, Holland institutional trustees affiliate private international trusts company clients trustee institutions private trust companies services Offshore Trusts - Asset Protection Trust - Business Trust Formation - Trust Managers - Trust Company Formation and Registration - Swiss Trustees - Swiss Private Bank Trust Services - Family office services - Wealth protection - Inheritance planning - Money and Wealth management - Tax Planning - Asset Protection - Taxation Law - Wealth Management - Offshore Asset Protection Trust - Tax Avoidance - Tax Consultants - Trust and Foundation Managers - International Business Company "future". More specifically arrangements with same effect forward deal between bank customer. Forward Cover Taking Forward contracts protect against movements exchange rate. Forward Deal deal with value date greater than spot value date. Forward Forward forward / forward deal one where both legs deal have value dates greater than current spot value date. Forward Margins Discounts premiums between spot rate forward rate currency. Normally quoted points. Forward Maturities Trading days days contracts can be transacted later than spot date. Forward Operations Foreign exchange transactions, fulfillment mutual delivery obligations made date later than second business day after transaction was concluded. Forward Outright commitment buy sell currency delivery specified future date period. price quoted Spot rate minus plus forward points chosen period. Forward Rate Agreements FRA agreement between two parties determine interest rate will apply notional future loan deposit agreement. Forward Rate Forward rates are quoted terms forward points, represents difference between forward spot rates. order obtain forward rate actual exchange rate forward points are either added subtracted exchange rate. decision subtract add points determined differential between deposit rates both currencies concerned transaction. base currency with higher interest rate said be discount lower interest rate quoted currency forward market. Therefore forward points are subtracted spot rate. Similarly, lower interest rate base currency said be premium, forward points are added spot rate obtain forward rate. Free Reserves Total reserves held bank less reserves required authority. Front Office activities carried out dealer , normal trading activities. AFN Afghanistan, Afghani (AFN) ALL Albania, Lek (ALL) DZD Algeria, Dinar (DZD) USD America (United States), Dollar (USD) USD American Samoa, United States Dollar (USD) EUR Andorra, Euro (EUR) AOA Angola, Kwanza (AOA) XCD Anguilla, East Caribbean Dollar (XCD) XCD Antigua and Barbuda, East Caribbean Dollar (XCD) ARS Argentina, Peso (ARS) AMD Armenia, Dram (AMD) AWG Aruba, Guilder (AWG) AUD Ashmore and Cartier Islands, Australia Dollar (AUD) AUD Australia, Dollar (AUD) EUR Austria, Euro (EUR) AZN Azerbaijan, New Manat (AZN) EUR Azores, Euro (EUR) BSD Bahamas, Dollar (BSD) BHD Bahrain, Dinar (BHD) BBD Bajan (Barbados), Dollar (BBD) EUR Balearic Islands, Euro (EUR) BDT Bangladesh, Taka (BDT) BBD Barbados, Dollar (BBD) BYR Belarus, Ruble (BYR) EUR Belgium, Euro (EUR) BZD Belize, Dollar (BZD) XOF Benin, CFA Franc BCEAO (XOF) BMD Bermuda, Dollar (BMD) INR Bhutan, India Rupee (INR) BTN Bhutan, Ngultrum (BTN) BOB Bolivia, Boliviano (BOB) ANG Bonaire, Netherlands Antilles Guilder (ANG) BAM Bosnia and Herzegovina, Convertible Marka (BAM) BWP Botswana, Pula (BWP) BRL Brazil, Real (BRL) GBP Britain (United Kingdom), Pound (GBP) GBP British Indian Ocean Territory, United Kingdom Pound (GBP) USD British Indian Ocean Territory, United States Dollar (USD) USD British Virgin Islands, United States Dollar (USD) BND Brunei, Dollar (BND) SGD Brunei, Singapore Dollar (SGD) BGN Bulgaria, Lev (BGN) XOF Burkina Faso, CFA Franc BCEAO (XOF) MMK Burma (Myanmar), Kyat (MMK) BIF Burundi, Franc (BIF) KHR Cambodia, Riel (KHR) XAF Cameroon, CFA Franc BEAC (XAF) CAD Canada, Dollar (CAD) EUR Canary Islands, Euro (EUR) CVE Cape Verde, Escudo (CVE) KYD Cayman Islands, Dollar (KYD) XAF Central African Republic, CFA Franc BEAC (XAF) XAF CFA Communauté Financière Africaine BEAC Franc (XAF) XOF CFA Communauté Financière Africaine BCEAO Franc (XOF) XAF Chad, CFA Franc BEAC (XAF) CLP Chile, Peso (CLP) CNY China, Yuan Renminbi (CNY) AUD Christmas Island, Australia Dollar (AUD) AUD Cocos (Keeling Islands, Australia Dollar (AUD) COP Colombia, Peso (COP) XAF Communauté Financière Africaine BEAC Franc (XAF) XOF Communauté Financière Africaine BCEAO Franc (XOF) KMF Comoros, Franc (KMF) XPF Comptoirs Français du Pacifique Franc (XPF) XAF Congo/Brazzaville, CFA Franc BEAC (XAF) CDF Congo/Kinshasa, Franc (CDF) NZD Cook Islands, New Zealand Dollar (NZD) AUD Coral Sea Islands, Australia Dollar (AUD) CRC Costa Rica, Colon (CRC) XOF Côte d'Ivoire, CFA Franc BCEAO (XOF) HRK Croatia, Kuna (HRK) CUC Cuba, Convertible Peso (CUC) CUP Cuba, Peso (CUP) ANG Curaço, Netherlands Antilles Guilder (ANG) EUR Cyprus, Euro (EUR) CZK Czech Republic, Koruna (CZK) DKK Denmark, Krone (DKK) DJF Djibouti, Franc (DJF) XCD Dominica, East Caribbean Dollar (XCD) DOP Dominican Republic, Peso (DOP) EUR Dutch (Netherlands), Euro (EUR) XCD East Caribbean Dollar (XCD) USD East Timor, United States Dollar (USD) USD Ecuador, United States Dollar (USD) EGP Egypt, Pound (EGP) SVC El Salvador, Colon (SVC) USD El Salvador, United States Dollar (USD) GBP England (United Kingdom), Pound (GBP) XAF Equatorial Guinea, CFA Franc BEAC (XAF) ERN Eritrea, Nakfa (ERN) EEK Estonia, Kroon (EEK) ETB Ethiopia, Birr (ETB) EUR Euro (EUR) EUR Europa Island, Euro (EUR) FKP Falkland Islands, Pound (FKP) DKK Faroe Islands, Denmark Krone (DKK) FJD Fiji, Dollar (FJD) EUR Finland, Euro (EUR) EUR France, Euro (EUR) EUR French Guiana, Euro (EUR) XPF French Polynesia, Comptoirs Français du Pacifique Franc (XPF) EUR French Polynesia, Euro (EUR) EUR French Southern and Antarctic Lands, Euro (EUR) XAF Gabon, CFA Franc BEAC (XAF) GMD Gambia, Dalasi (GMD) ILS Gaza Strip, Israel New Shekel (ILS) GEL Georgia, Lari (GEL) EUR Germany, Euro (EUR) GHS Ghana, Cedi (GHS) GIP Gibraltar, Pound (GIP) XAU Gold Ounce (XAU) GBP Great Britain (United Kingdom), Pound (GBP) EUR Greece, Euro (EUR) DKK Greenland, Denmark Krone (DKK) XCD Grenada, East Caribbean Dollar (XCD) EUR Guadeloupe, Euro (EUR) USD Guam, United States Dollar (USD) GTQ Guatemala, Quetzal (GTQ) GGP Guernsey, Pound (GGP) GNF Guinea, Franc (GNF) XOF Guinea-Bissau, CFA Franc BCEAO (XOF) GYD Guyana, Dollar (GYD) HTG Haiti, Gourde (HTG) EUR Holland (Netherlands), Euro (EUR) EUR Holy See (Vatican City), Euro (EUR) HNL Honduras, Lempira (HNL) HKD Hong Kong, Dollar (HKD) HUF Hungary, Forint (HUF) ISK Iceland, Krona (ISK) INR India, Rupee (INR) IDR Indonesia, Rupiah (IDR) XDR International Monetary Fund Special Drawing Right (XDR) IRR Iran, Rial (IRR) IQD Iraq, Dinar (IQD) EUR Ireland, Euro (EUR) FKP Islas Malvinas (Falkland Islands), Pound (FKP) IMP Isle of Man, Pound (IMP) ILS Israel, New Shekel (ILS) EUR Italy, Euro (EUR) XOF Ivory Coast (Côte d'Ivoire), CFA Franc BCEAO (XOF) JMD Jamaica, Dollar (JMD) JPY Japan, Yen (JPY) JEP Jersey, Pound (JEP) USD Johnson, United States Dollar (USD) JOD Jordan, Dinar (JOD) EUR Juan de Nova, Euro (EUR) KZT Kazakhstan, Tenge (KZT) KES Kenya, Shilling (KES) AUD Kiribati, Australia Dollar (AUD) KWD Kuwait, Dinar (KWD) KGS Kyrgyzstan, Som (KGS) LAK Laos, Kip (LAK) LVL Latvia, Lat (LVL) LBP Lebanon, Pound (LBP) LSL Lesotho, Loti (LSL) LRD Liberia, Dollar (LRD) LYD Libya, Dinar (LYD) CHF Liechtenstein, Switzerland Franc (CHF) LTL Lithuania, Litas (LTL) EUR Luxembourg, Euro (EUR) MOP Macau, Pataca (MOP) MKD Macedonia, Denar (MKD) MGA Madagascar, Ariary (MGA) EUR Madeira Islands, Euro (EUR) MWK Malawi, Kwacha (MWK) MYR Malaysia, Ringgit (MYR) MVR Maldives, Rufiyaa (MVR) XOF Mali, CFA Franc BCEAO (XOF) EUR Malta, Euro (EUR) FKP Malvinas (Falkland Islands), Pound (FKP) USD Marshall Islands, United States Dollar (USD) EUR Martinique, Euro (EUR) MRO Mauritania, Ouguiya (MRO) MUR Mauritius, Rupee (MUR) EUR Mayotte, Euro (EUR) MXN Mexico, Peso (MXN) USD Micronesia, United States Dollar (USD) USD Midway Islands, United States Dollar (USD) MDL Moldova, Leu (MDL) EUR Monaco, Euro (EUR) MNT Mongolia, Tughrik (MNT) EUR Montenegro, Euro (EUR) XCD Montserrat, East Caribbean Dollar (XCD) MAD Morocco, Dirham (MAD) MZN Mozambique, Metical (MZN) MMK Myanmar (Burma), Kyat (MMK) NAD Namibia, Dollar (NAD) AUD Nauru, Australia Dollar (AUD) HTG Navassa, Haiti Gourde (HTG) USD Navassa, United States Dollar (USD) NPR Nepal, Rupee (NPR) ANG Netherlands Antilles, Guilder (ANG) EUR Netherlands, Euro (EUR) XPF New Caledonia, Comptoirs Français du Pacifique Franc (XPF) NZD New Zealand, Dollar (NZD) NIO Nicaragua, Cordoba (NIO) XOF Niger, CFA Franc BCEAO (XOF) NGN Nigeria, Naira (NGN) NZD Niue, New Zealand Dollar (NZD) AUD Norfolk Island, Australia Dollar (AUD) KPW North Korea, Won (KPW) USD Northern Mariana Islands, United States Dollar (USD) NOK Norway, Krone (NOK) OMR Oman, Rial (OMR) PKR Pakistan, Rupee (PKR) USD Palau, United States Dollar (USD) XPD Palladium Ounce (XPD) PAB Panama, Balboa (PAB) USD Panama, United States Dollar (USD) PGK Papua New Guinea, Kina (PGK) CNY Paracel Islands, China Yuan Renminbi (CNY) VND Paracel Islands, Vietnam Dong (VND) PYG Paraguay, Guarani (PYG) PEN Peru, Nuevo Sol (PEN) PHP Philippines, Peso (PHP) NZD Pitcairn, New Zealand Dollar (NZD) XPT Platinum Ounce (XPT) PLN Poland, Zloty (PLN) EUR Portugal, Euro (EUR) USD Puerto Rico, United States Dollar (USD) QAR Qatar, Riyal (QAR) EUR Réunion, Euro (EUR) RON Romania, New Leu (RON) RUB Russia, Ruble (RUB) RWF Rwanda, Franc (RWF) ANG Saba, Netherlands Antilles Guilder (ANG) SHP Saint Helena, Pound (SHP) XCD Saint Kitts and Nevis, East Caribbean Dollar (XCD) XCD Saint Lucia, East Caribbean Dollar (XCD) EUR Saint Pierre and Miquelon, Euro (EUR) XCD Saint Vincent and The Grenadines, East Caribbean Dollar (XCD) EUR Saint-Martin, Euro (EUR) WST Samoa, Tala (WST) EUR San Marino, Euro (EUR) STD São Tome and Principe, Dobra (STD) SAR Saudi Arabia, Riyal (SAR) GBP Scotland (United Kingdom), Pound (GBP) SPL Seborga, Luigino (SPL) XOF Senegal, CFA Franc BCEAO (XOF) RSD Serbia, Dinar (RSD) SCR Seychelles, Rupee (SCR) SLL Sierra Leone, Leone (SLL) XAG Silver Ounce (XAG) SGD Singapore, Dollar (SGD) ANG Sint Eustatius, Netherlands Antilles Guilder (ANG) ANG Sint Maarten, Netherlands Antilles Guilder (ANG) SKK Slovakia, Koruna (SKK) EUR Slovenia, Euro (EUR) SBD Solomon Islands, Dollar (SBD) SOS Somalia, Shilling (SOS) ZAR South Africa, Rand (ZAR) GBP South Georgia, United Kingdom Pound (GBP) KRW South Korea, Won (KRW) GBP South Sandwich Islands, United Kingdom Pound (GBP) EUR Spain, Euro (EUR) LKR Sri Lanka, Rupee (LKR) SDG Sudan, Pound (SDG) SRD Suriname, Dollar (SRD) NOK Svalbard and Jan Mayen, Norway Krone (NOK) SZL Swaziland, Lilangeni (SZL) ZAR Swaziland, South Africa Rand (ZAR) SEK Sweden, Krona (SEK) CHF Switzerland, Franc (CHF) SYP Syria, Pound (SYP) TWD Taiwan, New Dollar (TWD) TJS Tajikistan, Somoni (TJS) RUB Tajikistan, Russia Ruble (RUB) TZS Tanzania, Shilling (TZS) THB Thailand, Baht (THB) XOF Togo, CFA Franc BCEAO (XOF) NZD Tokelau, New Zealand Dollar (NZD) TOP Tonga, Pa'anga (TOP) MDL Transnistria, Moldova Leu (MDL) TTD Trinidad and Tobago, Dollar (TTD) TND Tunisia, Dinar (TND) TRY Turkey, New Lira (TRY) TMM Turkmenistan, Manat (TMM) USD Turks and Caicos Islands, United States Dollar (USD) AUD Tuvalu, Australia Dollar (AUD) TVD Tuvalu, Dollar (TVD) UGX Uganda, Shilling (UGX) UAH Ukraine, Hryvna (UAH) AED United Arab Emirates, Dirham (AED) GBP United Kingdom, Pound (GBP) USD United States, Dollar (USD) UYU Uruguay, Peso (UYU) UZS Uzbekistan, Som (UZS) VUV Vanuatu, Vatu (VUV) EUR Vatican City, Euro (EUR) VEF Venezuela, Bolivar Fuerte (VEF) VND Vietnam, Dong (VND) USD Virgin Islands, United States Dollar (USD) USD Wake Island, United States Dollar (USD) XPF Wallis and Futuna Islands, Comptoirs Français du Pacifique Franc (XPF) ILS West Bank, Israel New Shekel (ILS) JOD West Bank, Jordan Dinar (JOD) MAD Western Sahara, Morocco Dirham (MAD) WST Western Samoa (Samoa), Tala (WST) YER Yemen, Rial (YER) ZMK Zambia, Kwacha (ZMK) ZWD Zimbabwe, Dollar (ZWD) </select>Accelerated cost recovery system (ACRS) Schedule depreciation rates allowed tax purposes. Acceleration clause contract stating unpaid balance becomes due payable specific actions transpire, such failure make interests payments time. Accelerated depreciation Any depreciation method produces larger deductions depreciation early years asset's life. Accelerated cost recovery system (ACRS), depreciation schedule allowed tax purposes, one such example. Acceptance Contractual agreement instigated when drawee time draft "accepts" draft writing word "accepted" thereon. drawee assumes responsibility acceptor payment maturity. : Letter credit banker's acceptance. Accommodative monetary policy Federal Reserve System policy increase amount money available banks lending. : Monetary policy. Account context bookkeeping, refers ledger pages upon various assets, liabilities, income, expenses are represented. context investment banking, refers status securities sold owned relationship between parties underwriting syndicate. context securities, relationship between client broker/dealer firm allowing firm's employee be client's buying selling agent. : Account executive; account statement. Account Ad Valorem Duty imported merchandise tax expressed percentage. Account balance Credits minus debits end reporting period. Account executive brokerage firm employee who handles stock orders clients. : Broker. Account Party Party who applies open bank issuance letter credit. Account reconciliation reviewing adjusting balance personal checkbook match your bank statement. Account statement context banking, refers summary balances. context securities, summary transactions positions (long short) between broker/dealer client. : Option agreement. Aggregate Demand Total demand goods services economy. includes private public sector demand goods services within demand consumers firms other countries goods services. Aggregate Risk Size exposure bank single customer both spot forward contracts. Aggregate Supply Total supply goods services economy domestic sources (including imports) available meet aggregate demand. Agio Difference value between currencies. used describe percentage charges conversion paper money into cash, weak into strong currency. American Option option may be exercised any time prior expiration. Compared with European option can only be exercised specific date. Arbitrage simultaneous purchase sale different markets, same equivalent financial instruments profit price currency differentials. exchange rate differential Swap points. May be derived Deposit Rate differentials. Ask price currency instrument offered. Association Cambiste International international society foreign exchange dealers consisting national "Forex clubs" affiliated world wide basis. Best instruction given dealer buy sell best rate can be obtained. Better order deal specific rate better. --Money option whose strike/exercise price equal near current market price underlying instrument. Back Office Settlement related processes. Balance Payments systematic record economic transactions during given period . (1) term often used mean either: (i) balance payments "current account"; (ii) current account plus certain long term capital movements. (2) combination trade balance, current balance, capital account invisible balance, together make up balance payments total. Prolonged balance payment deficits tend lead restrictions capital transfers, decline currency values. Balance Trade value exports less imports. Invisibles are normally excluded, otherwise referred mercantile physical trade. Bank Line Line credit granted bank customer, known "line". Bank Notes Bank notes are paper issued central issuing bank are legal tender, but are not usually considered be part FX market. However bank notes can be converted, some countries, into FX. Bank notes are normally priced premium current spot rate currency. Bank Rate rate central bank prepared lend money its domestic banking system. Banking Day trading day value date. Barrier Option family path dependent options whose pay-off pattern survival expiration date depend not only final price underlying currency but whether not underlying currency breaks predetermined price level any time during life option. Down Out call/put, Down call/put, Up out call/put, Up call/put. Base Currency currency operating results bank institution are reported. Basis Point One per cent one per cent. Basis difference between cash price futures price. Bear Put Spread spread designed exploit falling exchange rates purchasing put option with high exercise price selling one with low exercise price. Bear Market prolonged period generally falling prices. Bear investor who believes prices are going fall. Bid price buyer has offered purchase currency instrument. Big Figure Refers normally first three digits exchange rate dealers treat understood quoting. example quote "30/40" dollar mark could indicate price 1.5530/40 Black-Scholes Model option pricing formula initially derived Fisher Black Myron Scholes securities options later refined Black options futures. widely used currency markets. Break Even Point price financial instrument option buyer recovers premium, meaning he makes neither loss nor gain. case call option, break even point exercise price plus premium. Break Out options market, undoing conversion reversal restore option buyer's original position. Broken Dates Period Deals are undertaken value dates are not standard periods e.g. 1 month. standard periods are 1 week, 2 weeks, 1, 2, 3, 6 12 months. Terms used are odd dates, cock dates, broken dates broken period. Broker-Dealer Dealer. Broker agent, who executes orders buy sell currencies related instruments either commission spread. Brokers are agents working commission not principals agents acting their own account. foreign exchange market, brokers tend act intermediaries between banks bringing buyers sellers together commission paid initiator both parties. There are four five major global brokers operating through subsidiaries affiliates partners many countries. Brokerage Commission charged broker. BUBA Bundesbank, reserve bank Germany. Bull Market prolonged period generally rising prices. Bull (call put) Spread option position composed both long short options same type, either calls puts, designed be profitable declining market. option with lower strike price bought one with higher strike price sold. Bull investor who believes prices are going rise. Bullion term gold bars, not coin. Bundesbank Central Bank Germany. Butterfly Spread (1) futures butterfly spread spread trade multiple futures months are traded simultaneously differential. trade basically consists two futures spread transactions with either three four different futures months one differential. (2) options butterfly spread combination bear bull spread trade multiple options months strike prices are traded simultaneously differential. trade basically consists two options spread transactions with either three four different options months strikes one differential. Buyer/Taker purchaser option, whether call put option. buyer may be referred option holder. Option buyers receive right, but not obligation, enter futures/securities market position. Buying Rate Rate market market maker particular willing buy currency. Sometimes called bid rate. Buying Spread buy nearby contract simultaneously sell deferred contract. referred bull spread. Cable term used foreign exchange market US Dollar/British Pound rate. Calendar Spread option position comprised purchase sale two option contracts same type with different expiration dates same exercise price. Call Option call option confers right but not obligation buy stock, shares futures specified price. Call (1) option gives holder right buy underlying instrument specified price during fixed period. (2) period trading. (3) right bond issuer pre pay debt demand surrender its bonds. Cambiste French term foreign exchange dealer. Cash Delivery Same day settlement. CBOE Chicago Board Options Exchange. CBOT CBT Chicago Board Trade. CD Certificate Deposit. Central Bank bank responsible controlling 's monetary policy. normally issuing bank controls bank licensing, any foreign exchange control regime. Certificate Deposit (CD) negotiable certificate bearer form issued commercial bank evidence deposit with bank states maturity value, maturity rate interest rate payable. CDs vary size with maturities ranging few weeks several years. CDs may normally be redeemed before maturity only sale secondary market but may be redeemed back issuing bank through payment penalty. Chartist individual who studies graphs charts historic data find trends predict trend reversals include observance certain patterns characteristics charts derive resistance levels, head shoulders patterns, double bottom double top patterns are thought indicate trend reversals. Clearing process setting number items against one another making fund transfers net balance only part settlement process. Closed Position transaction leaves trade with zero net commitment market with respect particular currency. Closing Purchase Transaction purchase option identical one already sold liquidate position. CME Chicago Mercantile Exchange. Comex Commodity Exchange New York. Commission fee broker may charge clients dealing their behalf. Comptant French term spot settlement foreign exchange. Confirmation memorandum other party describing relevant details transaction. Consumer Price Index Monthly measure change prices defined basket consumer goods including food, clothing, transport. Countries vary their approach rents mortgages. Rising CPI normally associated with expectation higher short term interest rates may therefore be supportive currency short term. Nevertheless, longer term inflation problem will eventually undermine confidence currency weakness will follow. Contract Expiration Date date currency must be delivered fulfill terms contract. options, last day option holder can exercise his right buy sell underlying instrument currency. Contract agreement buy sell specified amount particular currency option specified month future ( Futures contract). Cover Forwards futures taken limit eliminate exposure currency fluctuations. Covered Call Calls are sold underlying currency with strikes are higher than market price. strike price limits profit can be realized position. Correspondent Bank foreign banks representative who regularly performs services bank has no branch relevant centre, e.g. facilitate transfer funds. US this often occurs domestically due inter state banking restrictions. Cost Living Index Broadly equivalent Retail Price Index Consumer price. Counter Party other organisation party with whom exchange deal being transacted. Counter Value Where person buys currency against dollar dollar value transaction. Cours du Change Exchange rate. Cours Libre Free exchange rate. Cours Officiel Official exchange rate. Court French "short" une position courte. Cure make good default. Currency Money. Currency appreciation increase value one currency relative another currency. Appreciation occurs when, because change exchange rates, unit one currency buys more units another currency. Currency arbitrage Taking advantage divergences exchange rates different money markets buying currency one market selling another market. Currency basket value portfolio specific amounts individual currencies, used basis setting market value another currency. referred currency cocktail. Currency Board Entity charged with maintaining value local currency with respect some other specified currency. Currency call option Contract gives holder right purchase specific currency specified price (exchange rate) within specific period time. Currency depreciation decline value one currency relative another currency. Depreciation occurs when, because change exchange rates, unit one currency buys fewer units another currency. Currency devaluation deliberate downward adjustment official exchange rates established, pegged, government against specified standard, such another currency gold. Currency diversification Using more than one currency investing financing strategy. Exposure diversified currency portfolio typically entails less exchange rate risk than portfolio exposure were single foreign currency. Currency Exchange Risk Uncertainty about rate revenues costs denominated one currency can be converted into another currency. Currency futures contract Contract specifying standard volume particular currency be exchanged specific settlement date. Currency future financial future contract delivery specified foreign currency. Currency hedge Applies mainly international equities. Hedging technique guard against foreign exchange fluctuations (i.e., short Euro l00 mm when holding long position Euro l00 mm stocks). Currency circulation Paper money, coins, demand deposits constitute money circulating economy. Currency no longer issued Old new series gold silver certificates, Federal Reserve notes, national bank notes, 1890 Series Treasury notes. Currency put option Contract gives holder right sell particular currency specified price (exchange rate) within specified period time. Currency option option buy sell foreign currency. Currency overvaluation Applies mainly international equities: (1) consideration currency overvalued private demand currency going exchange rate less than total private supply (i.e., central banks are buying up difference, supporting value currency through foreign exchange intervention); (2) currency value exceeding purchasing power parity. Currency revaluation deliberate upward adjustment official exchange rate established, pegged, government against specified standard, such another currency gold. Currency risk Related: Exchange rate risk Currency selection Asset allocation investor chooses among investments denominated different currencies. Currency swap agreement swap series specified payment obligations denominated one currency series specified payment obligations denominated different currency. Usually fixed fixed. Current account Net flow goods, services, unilateral transactions (gifts) between countries. Current account balance difference between nation's total exports goods, services transfers its total imports them. Current account balance calculations exclude transactions financial assets liabilities. Current assets Value cash, accounts receivable, inventories, marketable securities other assets could be converted cash less than 1 year. Current coupon bond selling close par, , bond with coupon close yields currently offered new bonds similar maturity credit risk. Current Coupon Bond Bonds coupon set approximately equal bonds' yield maturity time their issuance. Current-coupon issues Related: Benchmark issues Current dollar Refers use actual real prices costs. Escalation inflation effects are included. 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