A SWAP is used in foreign currency and credit businesses:
1) currency swap is a combination of two contradicting currency businesses. For instances, you sell USD against EUR thus giving you EUR-liquidity. at the same time and with the same exchnage rate basis you rebuy the USD for a later date. So you do not suffer a loss in the exchange rates. There will be a small amount to be paid (either to you or to the bank) for interest rate differences between the currencies, but this ios usually not so important.
2) An interest SWAP is used to virtually change a fixed interest credit into a floating interest rate - and vice versa.
Forfaiting is the purchase of existant receivables on a without recourse basis. It's best to ask your bank about or you might also google this up. There are thousand of articles in the WEB. I couldn' t really add muich new to it.
Hi friend, here is netback definition, the other- by back- may be a misspelling of BUY BACK, when a JSC buys back its own shares, but if you go to Internet you find all necessary data.
NETBACK
A summary of all the costs associated with bringing one unit of oil to
the marketplace, and all of the revenues from the sale of all the
products generated from that same unit. The netback is calculated by
taking all of the revenues from the oil, less all costs associated with
getting the oil to a market. These costs can include, but are not
limited to, importing, transportation, production and refining costs,
and royalty fees.
A first reply
Net back and By back is not known to me.
A SWAP is used in foreign currency and credit businesses:
1) currency swap is a combination of two contradicting currency businesses. For instances, you sell USD against EUR thus giving you EUR-liquidity. at the same time and with the same exchnage rate basis you rebuy the USD for a later date. So you do not suffer a loss in the exchange rates. There will be a small amount to be paid (either to you or to the bank) for interest rate differences between the currencies, but this ios usually not so important.
2) An interest SWAP is used to virtually change a fixed interest credit into a floating interest rate - and vice versa.
Forfaiting is the purchase of existant receivables on a without recourse basis. It's best to ask your bank about or you might also google this up. There are thousand of articles in the WEB. I couldn' t really add muich new to it.
All the best
Sebi
Hi friend, here is netback
Hi friend, here is netback definition, the other- by back- may be a misspelling of BUY BACK, when a JSC buys back its own shares, but if you go to Internet you find all necessary data.
NETBACK
A summary of all the costs associated with bringing one unit of oil to
the marketplace, and all of the revenues from the sale of all the
products generated from that same unit. The netback is calculated by
taking all of the revenues from the oil, less all costs associated with
getting the oil to a market. These costs can include, but are not
limited to, importing, transportation, production and refining costs,
and royalty fees.
Ciao