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| (BIS).
| | A derivative contract to exchange any type of ongoing payments which give rise to a foreign currency exposure. |
| | | For example, a cross-currency interest rate swap. |
| An international organisation fostering international monetary and financial cooperation, the BIS serves as a bank for central banks and also hosts a number of international organisations.
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| Customers are exclusively central banks and international organisations.
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| The BIS was established by agreement between the parties (plus Switzerland) to arrangements after World War I for payment of reparations by Germany to the principal allied victors. Its mandate and membership was extended and it is now a principal hub of cooperation between central banks and non-central-bank bank supervisors generally.
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| The BIS has 60 central banks as its members.
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| The BIS hosts a number of other bodies including the:
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| *Basel Committee on Banking Supervision;
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| *Financial Stability Board;
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| *International Association of Insurance Supervisors (IAIS); and
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| *International Association of Deposit Insurers.
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| The BIS is headquartered in Basel, Switzerland.
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| == See also == | | == See also == |
| * [[Bank of England]] | | * [[Cross-currency interest rate swap]] |
| * [[Bank supervision]] | | * [[Notional amount]] |
| * [[Basel Committee on Banking Supervision]]
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| * [[Board of Governors of the Federal Reserve System]]
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| * [[Central bank]]
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| * [[European Central Bank]]
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| * [[Financial Stability Board]]
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| * [[FX Global Code]]
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| * [[IAIS]]
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| * [[International Association of Deposit Insurers]]
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| * [[Markets Committee]]
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| [[Category:Long_term_funding]]
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Revision as of 14:19, 23 October 2012
A derivative contract to exchange any type of ongoing payments which give rise to a foreign currency exposure.
For example, a cross-currency interest rate swap.
See also