Trade Date: The execution date when the trade is executed or made.
Effective Date: The commencement date from which the obligations under the agreement become effective.
Maturity Date: The due date by which the final payment for a loan, bond, or other financial instrument must be completed.
Nominal Side: Reflects the current prices and rates at which the transaction is executed, indicating whether it is a buy or sell transaction.
Cross Side: The counter transaction details of the nominal transaction, specifying whether it is a buy or sell.
Near Leg: Involves the initial exchange of currencies at the agreed spot foreign exchange rate. This is part of a swap transaction that will be reversed in the far leg.
Far Leg: The subsequent re-exchange of currencies at a predetermined future date and rate, following the near leg transaction.
Notional Currency: The primary currency used to calculate the payments associated with the financial instrument.
Cross Currency: Represents the currency pair relative to the notional currency in an FX trade.
Spot Rate: The current market exchange rate at which a currency can be bought or sold.
Forward Rate: The agreed-upon exchange rate for a currency at a specified future date, used in forward contracts.
Notional Account: An account designated for the nominal value of the transaction.
Cross Account: The account used for the cross value of the transaction, the counter currency account.
Indirect: Rate cross currency/nominal currency used (instead of nominal currency/cross currency).
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