A provision in contracts that specifies the relationship between a company’s own currency and one or more foreign currencies. This is intended to exclude the risk, which experience has shown to be not insignificant, of the depreciation of one of the currencies involved; value date = here: foreign means of payment. – See bond, currency-selectable, dual currency bond, issue, index-linked, euro notes, parallel currency, reference currency, vehicle currency, currency swap.

Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

Kommentare geschlossen.