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Friday, August 29, 2008
Forex Glossary
Uncovered position
Another term for an open position.
Under Reference (Order)
Before finalizing a transaction all the details should be submitted for approval to the order giver, who has the right to turn down the proposal
Under Valuation
An exchange rate is normally considered to be undervalued when it is below its purchasing power parity
Undo
A colloquial term for reversing a transaction, e.g., a spot sale by means of a forward purchase or if done in error a spot purchase
Unload
Term for sale of assets or unwinding positions either to limit loss or to undermine other market participants positions
Unmatched Book
If the average maturity of a banks liabilities is less than that of its assets, it is said to be running an unmatched book.
Unwind
Selling of assets and or instruments to square a position
Unrealized P/L
Unrealized P/L is the real time profit or loss on the current open position(s), given the current exchange rate(s).
Uptick
A transaction executed at a price greater than the previous transaction.
Uptick Rule
In the US a regulation whereby a security may not be sold unless the last trade prior to the short sale was at a price at which at which the short sale is executed
US Dollar
The legal tender of the United States of America.
US Prime Rate
The interest rate at which US banks will lend to their prime corporate customers.
US Treasury
The United States Department of the Treasury is the government department responsible for issuing all Treasury bonds, notes, and bills.
US Quote
Exchange rate quotation on a reciprocal basis. Also known as an American Quote
Another term for an open position.
Under Reference (Order)
Before finalizing a transaction all the details should be submitted for approval to the order giver, who has the right to turn down the proposal
Under Valuation
An exchange rate is normally considered to be undervalued when it is below its purchasing power parity
Undo
A colloquial term for reversing a transaction, e.g., a spot sale by means of a forward purchase or if done in error a spot purchase
Unload
Term for sale of assets or unwinding positions either to limit loss or to undermine other market participants positions
Unmatched Book
If the average maturity of a banks liabilities is less than that of its assets, it is said to be running an unmatched book.
Unwind
Selling of assets and or instruments to square a position
Unrealized P/L
Unrealized P/L is the real time profit or loss on the current open position(s), given the current exchange rate(s).
Uptick
A transaction executed at a price greater than the previous transaction.
Uptick Rule
In the US a regulation whereby a security may not be sold unless the last trade prior to the short sale was at a price at which at which the short sale is executed
US Dollar
The legal tender of the United States of America.
US Prime Rate
The interest rate at which US banks will lend to their prime corporate customers.
US Treasury
The United States Department of the Treasury is the government department responsible for issuing all Treasury bonds, notes, and bills.
US Quote
Exchange rate quotation on a reciprocal basis. Also known as an American Quote
Labels: Forex Glossary
