What is correspondent bank relationship
Explain what you mean by Correspondent bank relationship.
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Correspondent bank relationship is developed when two banks manage the correspondent bank account with each other. Correspondent banking system grants a mode for the bank’s MNC client in order to conduct the business globally through his local bank or its contacts.
Describe about the conditions under which forward exchange rate may be an unbiased predictor of the future spot exchange rate.
Define Sole Trade in brief?
The following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depr
The portion of retained earning that is not available for dividends. To appropriate retained earnings, the company must record the partitioning of retained earnings. The company can use appropriated retained earnings for contingencies or big projects. Appropriating retained earning does not invol
Illustrate the difference between Accounts and Bills payable, Accounts and Bills receivable?
Assume there is non-tradable asset along with the perfect positive correlation with a portfolio T of the tradable assets. How will non-tradable asset be priced?
Suppose that treasurer of IBM has an extra cash reserve of $1,000,000 to invest for the six months. Six-month interest rate is 8% per annum in U.S. and 6% per annum in the Germany. Presently, spot exchange rate is DM1.60 per dollar and six-month forward exchange rate
Write down disadvantages and advantages of maintaining the multiple manufacturing sites as the hedge against exchange rate exposure.
Explain some of the reasons why international foreign trade is difficult and risky from the perspective of exporter than is domestic trade.
Given that the appropriate discount rate is 10% and that the first of these dividend payments will occur 1 year from now, find the present value of the dividend stream; that is, calculate the PV of D1, D2, and D
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