BizTerm Definition
Forex Book
Full Definition

1. The sub-administration of the bank in which foreign exchange transactions are recorded per currency of which results are calculated on a revaluation basis. 2. The (forward) mismatch position is the net cumulative cash flow, i.e. difference between amounts of outstanding forward (conditional and unconditional) purchases and sales, per currency resulting from outstanding contracts measured per time bracket. See also Money market accrual book, money market trading book, position, position administration tables, standard position codes, combined position code, risk management, foreign exchange risk, open currency position, mismatch, interest risk, liquidity risk, forward revaluation, interest revaluation, break even and nostro projection.


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