Day: March 9, 2022

The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of volume of trading, Read More …

Here we will consider the bank in two roles: (1) as the institution financing the importer, and (2) as the exporter’s bank. 1. Imports under Documentary Credit (DC) Before undertaking to establish a DC for an importer, the bank should Read More …