currency swaps
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Oct 26
A currency swap is a combination of two opposing trades in exchange for the same amount on different dates. The date of execution of the first transaction is the date of currency exchange, and the second reverse transaction is the date of the end of the swap. Example: Let’s say the client has 50 thousand in the brokerage account. He bought $1 thousand. With the delivery tomorrow at the rate of 66 to the dollar. The next morning, the client has to put in dollars. However, as the client has not...

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