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Dealing Room Operation and Deal Process
A dealing room is a centralized establishment, usually of a commercial bank, which is willing to offer a two way dealing price for different currencies (and asset classes instruments) at all times even when they may not wish to deal, all but...
Global FX Scandal
The thought for this post was triggered by the Foreign Exchange Committee sponsored by the Federal Reserve Bank of New York.
The Committee has recently observed in its 2014 March 26th meeting that order handling, hedging, disclosure policies...
Packaged trades – The renewed focus
Packaged trades are very much in news these days. One of our readers wanted to know what these trades are and why the focus on them now. Hence this write up
Packaged trades are products that provide flexibility to trade transactions. They are...
Interest Rate Derivatives and their wrong sales to gullible customers
Banks are more in the news these days – for a variety of reasons with negative impact of course. Of all these, the one connected with mis-selling of interest rate derivative products is causing considerable damage.
The kind of allegations...
Foreign Exchange Dealing Operations
If you buy a Binny Silk Saree for your wife (or girl friend!) at T.Nagar Chennai Nalli Silks, you will naturally want to pay for it with Indian Rupees and the Nalli Silks will want to be paid in Rupees because he pays all his bills with Rupees.
Likewise,...
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