Bank-PO (IBPS) General-Awareness Banking and Finance Revision (Page 13 of 40)

Currency Market Risk

The risk of loss from having positions in any of the currency markets. The risk can be from outright positions. It can also reside in the balance sheet or in the income flows of a company.

Currency basket

Arrangements whereby two or more currencies are clubbed together with defined weights, and whose exchange rate/interest rate is determined by computing weighted average market rates.

Current Yield

The yield on a security resulting from dividing the interest payment or dividend on it by its current market price.

Current assets

Short-term assets, constantly changing in value, such as stocks, debtors and bank balances.

Current liabilities

Short-term liabilities, due to be paid in less than one year, such as bank overdrafts, money owed to suppliers and employees.

D/A (documents against acceptance)

Refer to shipping documents presented to a bank on a collection basis to be passed to the buyer when he or she accepts a bill of exchange. The bank holds the bill of exchange until it ends (maturity) when they ask the buyer to pay the seller.

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