Finial Sheet

In: Business and Management

Submitted By poppycao
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INTL 58001 International Business Operations Final Exam Study Sheet
Chapter 9 & 10
Know the fundamentals of foreign exchange markets 1. The market in which foreign exchange transactions take place is the foreign-exchange market. 2. The foreign-exchange market is made up of many different players. The Bank for International Settlements (BIS) devides the market into three major categories: reporting dealers, other financial institutions, and nonfinancial institutions. 3. The foreign exchange market has two segments: 1) The over-the-counter market, composed of commercial and investment banks. 2) The exchange-traded market, comprising securities changes.

How is foreign exchange quoted?
For exchange is traded using electronic methods, customer direct, interbank direct, or voice broker. The electronic services provided for customers by EBS, Reuters, and Bloomberg also provide a great deal of market data, news, quotes, and statistics about different markets around the world. Bloomberg and Reuters provide market quotes from a large number of banks, so their quotes are close to the market consensus.

What are forward contracts, options, and futures? Why do companies use them?
1
1. Forward contracts: Rate quoted today for future delivery (e.g. 30 days); cheaper to get but locked into rate. 2. Options: Right to trade a foreign currency in future at a specific exchange rate; more expensive but have option of not exercising if spot rate better 3. Futures contract is an agreement between two parties to buy or sell a particular currency at a particular price on a particular future date, as specified in a standardized contract to all participants in that currency futures change and is not traded OTC; less flexible than forward contract.
2
Because in some business transactions, a seller extends credit to the buyer for a period…...

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