ADR
American Depository Receipt. A security issued in the United States representing shares of a foreign stock and allowing that stock to be traded in the United States.
cross-rate
The implicit exchange rate between two currencies (usually non-U.S.) quoted in some third currency (usually the U.S. dollar)
Eurobonds
International bonds issued in multiple countries but denominated in a single currency ( usually the issuer’s currency).
Eurocurrency
Money deposited in a financial center outside the country whose currency is involved.
Foreign bonds
International bonds issued in a single country, usually denominated in that country’s currency.
Gilts
British and Irish government securities.
swaps
Agreement to exchange two securities or currencies.
interest rate swap
When two parties exchange a floating-rate payment for a fixed-rate payment or vice versa.
Currency swaps
Agreements to deliver one currency in exchange for another.
foreign exchange markets
The market in which one country’s currency is traded for another’s.
exchange rate
The price of one county’s currency expressed in terms of another country’s currency.
