Important Points for IC 99 - Asset Management Exam
Page 100 Of 109
Go to:
European style options are those contracts where the option can be exercised only on the expiration date.
Forex management can be defined as the methods or techniques of managing generation, use and storage of foreign currencies in the process of exchange of one currency into other required foreign currency.
When Indian rupee depreciates against the US Dollar, it indicates that demand for US Dollar is more than its supply. Similarly when the US dollar is more in supply than its demand, it declines in value against the Indian currency.
Forex Management provides the techniques of Exchange Rate forecasting. It enables quoting and determining Cross Rates with reference to Exchange Rate which is expressed by a pair of currencies in which none of the currencies is the currency of the country.
The forex market is an over the counter market (OTC). The dealers sit in their dealing room of major commercial banks around the world and communicate with each other through telephones, computer terminals and Society for Worldwide Interbank Financial Telecommunication (SWIFT) mechanism.
MODELEXAM® 
www.realsoftinfoplan.com