Foreign Exchange Operations: Master Trading Agreements, Settlement, and Collateral

The ultimate nuts-and-bolts guide to foreign exchange operations

David DeRosa, a leading foreign exchange expert, devotes this book to the much neglected topic of foreign exchange operations. With the help of more than 100 sample documents, screenshots, and examples of trading transactions, confirmations, statements, agreements, contracts, and reports, Dr. DeRosa covers topics such as:

• The development of the foreign exchange market
• The varieties of foreign exchange trades
• Vanilla and exotic currency options
• Trade execution
• Electronic trading platforms
• Trade confirmations
• Examples of costly trade and operations errors
• Herstatt risk
• Real time gross settlement systems
• CLS Bank
• Master trading agreements (ISDA, FEOMA, and IFXCO)
• Margin and collateral functions
• Prime brokerage services