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Carry Trade

A currency trading/ speculation strategy that involves borrowing in low-interest currencies (low-yielding currencies) in order to invest in high-interest currencies...

FOREX

An abbreviation for "foreign exchange". It is a general term referring to trading activities and transactions that take place in...

FX Target Accrual Redemption Note

A target accrual redemption note (TARN) (basically, a long-dated FX product) which allows counterparties to link to floating-rate benchmarks in...

Utility Token

A tokenized form of a utility such as computation power, cloud space, file sharing, etc. The underlying service is a...

Weak Quote Currency

A currency in which the ask price is more than 100 pips above the bid price. In this case, three...

Natural Asset Token

Physical assets in the real world that are tokenized (i.e., represented by tokens). The concept of natural assets tokens came...

Commodity Token

A tokenized form of traditional commodities with established markets such as oil, gold, silver, natural gas, etc. The value proposition...

Discount Token

A type of utility tokens (app coins) that allows the users to receive monthly discounts on goods and services as...

Non-Deliverable Forward

A derivative instrument which is used for hedging the exchange rate risk associated with non-convertible currencies. By definition, a non-deliverable...

NDF

It stands for non-deliverable forward; a derivative instrument which is used for hedging the exchange rate risk associated with non-convertible...