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Trading Terms

Confirming bank

Let's discuss one of the key players in documentary credit transactions - the confirming bank. This bank provides an extra layer of assurance by adding their own irrevocable commitment to make payment, in addition to the issuing bank's guarantee. Typically, the confirming bank is situated in the exporter's country, ensuring a smooth and secure transaction.

Univariate

When we talk about a financial term being "univariate," we are referring to a situation where there is only one variable involved. This means that the outcome of a certain f...

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Red clause L/C

A crucial component of a letter of credit is the red clause, which enables the beneficiary to obtain partial advance payments. This provision, traditionally set in red ink, ...

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Tick Indicator

This is known as the uptick/downtick ratio. The uptick/downtick ratio, also referred to as the number of stocks with an uptick or downtick as their last trade, is an importan...

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Alphabet Stock

Alphabet Stock is a noteworthy type of common stock that signifies a company’s ownership in its subsidiary. This type of stock is often issued by large corporations to hold ...

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