| A | B |
|---|
| Coordinated Intervention | currency-value mgmt method - central banks of major nations intervene in currency markets (change currency value) |
| Eurocurrency | bank deposit in currency other than currency of country where bank is located (not confined to European banks) |
| Eurodollars | US$ deposited in banks outside US; not confined to European banks |
| Interbank Interest Rate | interest rate charged by banks to banks in major int'l financial centers |
| Euromarkets | money and capital markets in which transactions are denominated in currency other than that of place of transaction; not confined to Europe |
| Selling Forward | mkt transaction in which seller promises to sel currency at certain future date at pre-specified price |
| Offshore Banking | use of banks or bank branches located in low-tax countries (Caribbean islands) to raise and hold capital for multinat'l ops |
| Correspondent Bank | located in diff. countries and unrelated by ownership; have reciprocal agreement to provide svcs to other's customers |
| Representative Office | office of int'l bank est'd in foreign country to serve bank's customers in area in advisory capacity; does not take deposits or make loans |
| International Bond | issued in domestic capital markets by borrowers or issued in eurocurrency markets in currency different from home currency of borrower |
| Foreign Bond | bonds issued by foreign corporation or govt for sale in country diff. from home country; denominated in currency of country of issue |
| Eurobond | denominated in currency other than currency of country in which bond is sold |
| Bearer Bond | owned officially by whoever is holding it |
| American Depository Receipts (ADRS) | receipts to bank acct that holds shares of foreign firm's stock in that firm's country |
