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Trading Terms

Business day and non-business day

A business day is any day that is not a non-business day. This includes weekdays, typically Monday through Friday. On the other hand, a non-business day refers to any Saturday or Sunday, as well as bank holidays that are not considered part holidays under 'The Banking Act 1908'. This also includes any day where a bank's premises are not open for business. Understanding these terms is crucial for navigating the financial world with ease.

Eurocurrency

Foreign currency, also known as a foreign exchange or forex, refers to any currency that is used or traded outside the country of origin. This can include both physical curre...

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Forward contract -optional term

When an importer is unsure of the exact delivery date, they may encounter a situation where the contract rate is adjusted against them if they enter into a fixed term contra...

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Inductive Logic

The transition from specific event-based statements to a broader, more encompassing statement is a fundamental aspect of financial understanding. As we delve into the world ...

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Revolving credit

A revolving letter of credit is a financial instrument commonly used in international trade. It allows the buyer to make multiple draws against the credit, as long as the to...

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