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Chapter 16 - Finance

April 2023 Puzzle
Horizontales
An agreement between the seller and buyer, payment is deferred to some time after the documents are presented for payment.
A bank that agrees to perform the principal duties of the issuing bank
The right but not the obligation, to deliver a fixed amount of one currency in return for a fixed amount of another currency by an agreed future date.
The exchange rate risk associated with companies that deal in foreign currencies and list foreign assets on their balance sheets
The chance that a company will lose money on international trade because of currency fluctuations
A standardized legal contract to buy or sell something at a predetermined price for delivery at a specified time in the future
Refers to an additional guarantee to an original letter of credit obtained by a borrower from a second bank
This agency offers Export Credit Risk Insurance.
The current exchange rates at which specific currencies can be bought or sold on currency exchange markets
Verticales
A method of reducing risks in financial contracts by combining or aggregating multiple financial obligations to arrive at a net obligation amount.
The risk a company takes by offering credit with no collateral
A company's ability to be competitive in the face of changes in the exchange rate between its home currency and that of its buyers.
A contract with another party to deliver a fixed amount of one currency in return for a fixed amount of another currency at an agreed future date.
The process of protecting against the potential of foreign exchange loss due to currency exchange rate fluctuations.
A credit insurer that operates worldwide' in addition to offering debt collection services, factoring and business information, and bonds
A secure method banks use to electronically transfer funds between banks.