They would then deliver the bonds to their swap bank, who will switch them over to each other. Company A will have UK assets, while company B will have US assets. Interest from company A will go through the swap bank that will deliver this to company B, and vice versa. A swap rate is […]
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That’s why we have pennies, nickels, dimes, and quarters in the US. But take a look at quotes issued by forex brokers and you’ll quickly notice there are more than two decimal places for each quote. However, using a demo account isn’t a real preparation for trading—it is just there to help you get a […]
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