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Belgian-based company that provides the global electronic network for settlement of most forex transactions. Also known as SWIFT.
Society For Worldwide Interbank Telecommunications
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Related Terms
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Forex stands for “foreign exchange” and refers to the buying or selling of one currency in exchange for...
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Forex trading is the simultaneous buying of one currency and selling another. When you trade in the forex...
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The forex spot rate (or FX spot rate) is the amount it costs in one currency to buy another currency for...
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CLS, or continuous linked settlement, is a cross-border payment system for the settlement of foreign...
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