interest rates futures contracts - Polish translation – Linguee
oraz opcje, transakcje futures, swapy, kontrakty terminowe na stopę transferable securities; and options, futures, swaps, forward rate agreements, contracts for .. In the case of interest-rate contracts that meet these criteria and have a. GODZINY DZIAŁANIA RYNKU · Terminy Ważności Kontraktów Cfd · Kalendarz ekonomiczny .. Rynek Kontraktów Terminowych · Handel Na Forex . any interest or any other rights (except for rollover or swaps interest, asdefined below) . Trading . The Transaction rates meets with predefined stop loss, take profit or. meet their specific needs (tailor-made ones). Wartoœæ nominalna wybranych kontraktów swap i forwards na œwiatowym rynku OTC .. Magda R., – Kontrakty terminowe w handlu wêglem kamiennym na przyk³adzie nowojorskiej.
A slang expression referring to the Australian dollar Average True Range ATR A technical indicator that measures the unstableness of the financial product.
Futures contract - Wikipedia
High ATR values indicate a high instability and can be an indication for a fire sale or a fire buy. Low ATR values indicate a sideways movement of the financial instrument. Back Testing A test which examines trading strategies based on historical data prior to using a strategy based on updated data. Balance of payments A methodical documentation of economic activities during a given time period for a country.
Often the term is used for: A combination of a trade balance, current account balance, equity account and an invisible balance sheet that together create the total balance of payments.
Band A trading band is the range in which the currency is allowed to move against a different currency in accordance with the government limitations. Bank Line A line of credit that is given by a bank to a client also known as "Line" or "Credit Line" Bank Rate The rate in which the central bank is willing to lend money to the local banking system.
Base Currency The currency that first appears in a currency pair. It represents the value of the base currency versus the value of the other currency. Basis Trading A trading strategy in which one enters into opposite positions in cash and in futures contract while expecting to profit from positive movements in the basis An investor that believes that the prices will fall A prolonged period in which prices are reduced.
The quoted price in which a client can buy a pair of currencies. Bid Price The price in which the market is willing to buy a certain currency in a foreign exchange contract or a contract between currencies. At this price, the traders can sell the underlying currency. Bollinger Bands A technical indicator that allows its users to compare the inconstancy and the relative price during the time duration.
It is comprised of three bands that have been designed to encircle the majority of the price movement. Often the prices will encounter a resistance in the upper band and a support in the lower band. Broker A person whose main business is securities trading. The broker buys and sells securities on behalf of its clients in exchange for a commission that he receives. In Israel there are brokers that are exchange members and others which operate independently and without any supervision.
An investor that believes that market prices will increase A market in which price increase Buy Signal A status that signifies a good time to buy a financial instrument, the exact circumstances of the mark will be determined by the indicator which is used by the analyst. When the MACD crosses its mark line — this is considered a buy signal The rate of which a dealer is willing to buy a currency. Candlestick Chart An illustration that demonstrates the trading range at a certain day as well as the opening price and closing price.
If the opening price is higher then the closing price then the rectangle between the opening price and the closing price is shadowed. If the closing price is higher then the opening price that area in the illustration is not shadowed. The contract terms are standard information that is costumed in that exchange and the execution date is at the end of the quarter or at the end of the month. A future contract is traded in the exchange, similar to a stock.
The buyer and seller of a future contract agree between them, at the present, on the essence and price of a certain contract and on the date of transaction execution. An example of a futures contract: The buyer buys a call option at a price equivalent to the MAOF indices at the beginning date and the writes a put option at an identical exercise date. This combination creates an obligation to buy the MAOF Indices at the termination date — at its initial price.
If the price has descended then the buyer will pay to the seller the decline amount difference, if the price has risen then the seller will pay to the buyer the increase in the difference amount.
Futures contracts are made and traded for a large spectrum of products, starting with agricultural commodities and followed with financial instruments as exchange rates of a foreign currency or indices prices of a group of equities.
Contagion The tendency of an economic crises to expend from one market to the next. Atpolitical instability in Indonesia has caused significant instability in the local currency, the Rupia. From that point, the weakness expanded to additional Asian currencies and from there to Latin America and for that reason it is called "The Asian Expansion".
Convertible bond A bond which is issued with terms that entitle its owner with an additional right to exchange it for another security of the issuing company. The conversion is usually made into regular portions under a predetermined conversion rate at one or more redemption date.
Counter Currency The currency that appears in a second in the currency pair, its value is determined versus the base currency example: Country Risk The risk attributed to an international deal, including, but not limited to, legal and political conditions.
Currency Any type of money that is issued by the government or a central bank that is used as a legal payment instrument and the basis for monetizing commerce. A trader that opens trades and closes them at the same business day. Day Trading Refers to the opening and closing of the same position or positions during one trading day.
Dealer A person or company that operates as a main partner or as an active party in a transaction. The main counterparty takes one side of the position in hopes to gain from the closing of the position in a transaction that is being made with the other counterpart. Deflator The difference between the nominal national product compared with the real national product that equals to the total inflation rate.
Devaluation A descending correction of one currency versus the currency bands or fixed currencies that are linked to it, devaluation is usually declared in a formal notice. Direct quotation A quotation of fixed units of foreign currencies against a variable sum of an internal currency. Dirty Float The flotation of a currency when the rate is controlled by the intervention of the monetary authorities Doji A candle shape which shows that when the candle body is very small then the opening and closing prices are very close to each other.
Doji happens when the opening and closing prices are very close to each other. Double Top A reverse tabular pattern that presents two distinctive peaks. The complete opposite when the support breaks. The double dip is a mirror picture of the peak. Economic Indicator A statistical measure that is published by the government that points to economic growth and current stability.
Exchange The physical location in which buyers and sellers are met to conduct transactions in securities, commodities, foreign exchange, insurance etc. Since it is a matter of negotiable commodities there is no need for the commodities to be physically placed in the market and it is possible to trade the documents that represent them.
The activity in the exchange is made between the exchange members only or by people that have received a special permission for that purpose. Each exchange has its own article of association which determines its organizational structure, the composition of its management and its establishments and the scope of its activity and prices.
The Israeli exchange is a registered company. FCM Futures Commission Merchant A person or entity that receives trading orders sell or buy of future contracts or options on future contracts.
The role of the FCM is parallel to that of a securities broker. Besides handling sell and Buy orders an FCM also holds in his possession the money and collateral that the client has deposited in the trading account in accordance with the trading roles that they have determined. A broker may sometimes take on the role of an FCM. Floating exchange rate An exchange rate whose value is determined by the market forces.
Even floating currencies are subject to the intervention of the monetary authorities. When such activity is made frequently it is called a dirty float. Forex Forex, FX, relates to the trading in foreign currency, a exchange of one currency for another.Rolowanie kontraktów CFD i SWAP
Forex trading is considered as "Over the Counter" in the inter-banking system a network of a few thousands banks in spite of the fact that most of the trade is only conducted by a few hundred institutions of that kind. According to a tri-annual survey of the bank of international settlements that was conducted atthe average daily volume in the Forex markets totals in 1.
The Forex market which was originally only accessible to large banks and multinational corporations is now open to large and small speculators. When trading in Fore, the investors bet that one currency will strengthen increase versus the other currency and they will receive the price difference when they will return to their original currency in which the position was opened.
The Forex market benefits from several advantages versus other traditional markets as the capital markets, futures and derivatives. Similar to futures, forex is traded by using collateral that is based on a "trust deposit" and not a loan. Thus on the delivery date, the amount exchanged is not the specified price on the contract but the spot value since any gain or loss has already been previously settled by marking to market.
Upon marketing, the strike price is often reached and creates lots of income for the "caller. Unlike use of the term margin in equities, this performance bond is not a partial payment used to purchase a security, but simply a good-faith deposit held to cover the day-to-day obligations of maintaining the position.
The clearing house becomes the buyer to each seller, and the seller to each buyer, so that in the event of a counterparty default the clearer assumes the risk of loss. This enables traders to transact without performing due diligence on their counterparty. Margin requirements are waived or reduced in some cases for hedgers who have physical ownership of the covered commodity or spread traders who have offsetting contracts balancing the position. Clearing margin are financial safeguards to ensure that companies or corporations perform on their customers' open futures and options contracts.
Clearing margins are distinct from customer margins that individual buyers and sellers of futures and options contracts are required to deposit with brokers. Customer margin Within the futures industry, financial guarantees required of both buyers and sellers of futures contracts and sellers of options contracts to ensure fulfillment of contract obligations. Futures Commission Merchants are responsible for overseeing customer margin accounts.
Margins are determined on the basis of market risk and contract value. Also referred to as performance bond margin. Initial margin is the equity required to initiate a futures position. This is a type of performance bond. The maximum exposure is not limited to the amount of the initial margin, however the initial margin requirement is calculated based on the maximum estimated change in contract value within a trading day.
Initial margin is set by the exchange. If a position involves an exchange-traded product, the amount or percentage of initial margin is set by the exchange concerned. In case of loss or if the value of the initial margin is being eroded, the broker will make a margin call in order to restore the amount of initial margin available. Calls for margin are usually expected to be paid and received on the same day.
If not, the broker has the right to close sufficient positions to meet the amount called by way of margin. The Initial Margin requirement is established by the Futures exchange, in contrast to other securities' Initial Margin which is set by the Federal Reserve in the U. A futures account is marked to market daily. If the margin drops below the margin maintenance requirement established by the exchange listing the futures, a margin call will be issued to bring the account back up to the required level.
Maintenance margin A set minimum margin per outstanding futures contract that a customer must maintain in their margin account. Margin-equity ratio is a term used by speculatorsrepresenting the amount of their trading capital that is being held as margin at any particular time.
The low margin requirements of futures results in substantial leverage of the investment. However, the exchanges require a minimum amount that varies depending on the contract and the trader. The broker may set the requirement higher, but may not set it lower.
A trader, of course, can set it above that, if he does not want to be subject to margin calls. Performance bond margin The amount of money deposited by both a buyer and seller of a futures contract or an options seller to ensure performance of the term of the contract.
Margin in commodities is not a payment of equity or down payment on the commodity itself, but rather it is a security deposit.