BizTerm Definition
Open currency spot position
Full Definition

Difference between assets and liabilities plus difference between amounts of spot purchases and spot sales concluded and recorded until delivery date under contingent assets and contingent liabilities in a particular foreign currency. See also Position, position administration tables, standard position codes, combined position code, risk management, foreign exchange risk, forex, open currency forward position, mismatch, interest risk, liquidity risk, forward revaluation, interest revaluation, break even and nostro projection.


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