For Forex Book: Difference between amounts of outstanding forward purchases and outstanding forward sales, per currency resulting from outstanding forward contracts measured over a defined period.
For Money market Books: Difference between interest maturities of assets plus contingent assets and interest maturities of liabilities plus contingent liabilities measured over a defined period, being the measure of the interest rate risk.
Related position codes are: 1. Overall mismatch - spot.
2. Overall mismatch - forward.
3. Mismatch per book -spot.
4. Mismatch per book - forward.
5. Mismatch per product - spot.
6. Mismatch per product - forward.
1. Overall Mismatch.
2. Mismatch per Book.
3. Mismatch per Product.
Six mismatch positions exist being the measure of the interest rate risk. The cumulative mismatch is calculated in the following reports:
1. Forex risk analysis on FCY interest.
2. Overall mismatch per currency versus limits.
3. Mismatch per currency per book.
4. Mismatch per currency per product.
5. Break-even rates report. See also Position, position administration tables, standard position codes, combined position code, risk management, foreign exchange risk, forex, open currency position, mismatch, interest risk, liquidity risk, forward revaluation, interest revaluation, break even and nostro projection.