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Translation glossary: Foreign banking

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Ana Roca
Ana Roca
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Showing entries 1-10 of 10
 
Bank For International Settlements (BIS)The BIS, located in Basle, Switzerland, was established in 1930 to administer the post-World War I reparations agreements. Since the 1960s, the BIS has evolved into an important international monetary institution, and has provided a forum in which central bankers meet and consult on a monthly basis. As an independent financial organization, the BIS performs a variety of banking, trustee, and agent functions, primarily with central banks. At prese 
英語
Current Account BalanceThe difference between the nation\'s total exports of goods, services, and transfers and its total imports of them. It excludes transactions in financial assets and liabilities. 
英語
EurodollarsDeposits denominated in U.S. dollars at banks and other financial institutions outside the United States. Although this name originated because of the large amounts of such deposits held at banks in Western Europe, similar deposits in other parts of the world are also called Eurodollars. 
英語
Foreign Exchange DeskThe foreign exchange trading desk at the New York Federal Reserve Bank. The desk undertakes operations in the exchange markets for the account of the Federal Open Market Committee, and as agent for the U.S. Treasury and for foreign central banks. 
英語
Foreign Exchange TransactionsPurchase or sale of the currency of one nation with that of another. Foreign exchange rates refer to the number of units of one currency needed to purchase one unit of another, or the value of one currency in terms of another. 
英語
International Banking Facility (IBF)In general, these facilities can accept time deposits from foreign customers free of reserve requirements and interest rate limitations, and can lend to foreigners if the funds are for the conduct of foreign business outside of the U.S. Net borrowing from these facilities by domestic banking offices is subject to reserve requirements. 
英語
International Monetary Fund (IMF)An international organization with 146 members, including the United States. The main functions of the International Monetary Fund are to lend funds to member nations to finance temporary balance of payments problems, to facilitate the expansion and balanced growth of international trade, and to promote international monetary cooperation among nations. The IMF also creates special drawing rights (SDR\'s), which provide member nations with a sourc 
英語
Special Drawing Rights (SDR\'s)A type of international money created by the IMF and allocated to its member nations. SDRs are an international reserve asset, although they are only accounting entries (not actual coin or paper, and not backed by precious metal). Subject to certain conditions of the IMF, a nation that has a balance of payments deficit can use SDRs to settle debts to another nation or to the IMF. 
英語
Swap ArrangementsShort-term reciprocal lines of credit between the Federal Reserve and 14 foreign central banks as well as the Bank for International Settlements. Through a swap transaction, the Federal Reserve can, in effect, borrow foreign currency in order to purchase dollars in the foreign exchange market. In doing so, the demand for dollars is increased and the dollar\'s foreign exchange value is increased. Similarly, the Federal Reserve can temporarily prov 
英語
Trade DeficitRefers to the amount by which merchandise imports exceed merchandise exports. 
英語

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