Cross Rate

What is Cross Rate? The exchange rate of major international currencies are quoted with reference to their base currencies in London with reference to Pound sterling and in New York…
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Foreign Exchange

What is Foreign Exchange? The foreign exchange is defined in different ways, Webster Dictionary as “transferring of funds to settle accounts with firms or residents in a foreign currency.”Encyclopedia Britannica:…
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Bid Bond

Tender Guarantee or Bid Bonds The Uniform Rules for Contract Guarantee, Article two states that for the purpose of these rules, a “tender guarantee” means an undertaking given by bank…
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