Flashcards: International finance

In trade finance, forfaiting is a financial transaction involving the purchase of receivables from exporters by a forfaiter.

OTP Bank Group is one of the largest independent financial services providers in Central and Eastern Europe with full range of banking services for private individuals and corporate clients.

UBS AG is a Swiss global financial services company, incorporated in the Canton of Zurich, and co-headquartered in Zurich and Basel.

International monetary systems are sets of internationally agreed rules, conventions and supporting institutions, that facilitate international trade, cross border investment and generally the reallocation of capital between nation states.

There is no generally accepted definition of what a tax haven is, but activities that are commonly associated with such places range far beyond tax.

In the foreign exchange market and international finance, a world currency, supranational currency, or global currency refers to a currency that is transacted internationally, with no set borders.

Foreign exchange risk (also known as FX risk, exchange rate risk or currency risk) is a financial risk that exists when a financial transaction is denominated in a currency other than that of the base currency of the company.

The bancor was a supranational currency that John Maynard Keynes and E.

The forward exchange rate (also referred to as forward rate or forward price) is the exchange rate at which a bank agrees to exchange one currency for another at a future date when it enters into a forward contract with an investor.

A letter of credit is a document, typically from a bank (issuing bank), assuring that a seller (beneficiary) will receive payment up to the amount of the letter of credit, as long as certain documentary delivery conditions have been met.

A Eurobond is an international bond that is denominated in a currency not native to the country where it is issued.

The global financial system is the worldwide framework of legal agreements, institutions, and both formal and informal economic actors that together facilitate international flows of financial capital for purposes of investment and trade financing.

The Global Forum on Transparency and Exchange of Information for Tax Purposes consists of OECD countries and jurisdictions that agreed to implement tax related transparency and information exchange, founded in 2000, restructured in September 2009 including non-OECD economies.