Перевод на английский статьи: "Методы и инструменты валютного регулирования в условиях глобализации"
The express foreign exchange market is the most voluminous sector foreign exchange, it is divided into futures and forward markets.
The counterparties of the foreign exchange transactions are the clearing house, the seller and the market as a buyer in the futures market. The size and the deadline of the currency contract are standard, pricing is based on the movement of stock prices. There is no real currency delivery, the availability of currency is carried out without any restrictions, but through brokers, the guarantee provided by the reserve deposit, and information transparency is at a high level.
The counterparties of the foreign currency transactions are commercial banks, the size and deadline of the currency contact is determined individually in the forward market. Pricing is based on free agreement, provide a real delivery of currency, availability is restricted to customers of the bank, the guarantee specified individually and information transparency is limited.
Currency market participants.
Residents are individuals permanently resident on the territory of the country of the exchange market, and legal entities established in accordance with the legislation and on the territory of the country.
Non-residents are individuals permanently residing abroad and legal entities established in accordance with the legislation of the foreign state and located on its territory.
Hedgers are currency market participants, which are responsible for providing currency transactions as primary in relation to other members, they insure exchange rate risks while performing currency exchange operations.
Entrepreneurs are speculators carry out the most of the operations from differences of foreign exchange rates.
Intermediaries specialize in providing services for currency trading. These include brokers, stock exchange intermediaries, foreign exchange transactions for the account and on behalf of customers and dealers. They acting for themselves only and for their own account.
Commercial banks as market participants deal with clients and trade for their own account with the purpose of receiving profit or alignment positions of client transactions.
Перевод на английский статьи: "Методы и инструменты валютного регулирования в условиях глобализации"
