ISO currency codes and Offset: Difference between pages

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ISO currency codes are identifiers for currencies made up of three alphabetic characters as specified in ISO 4217 issued by the International Organization for Standardization (ISO). The ISO 4217 codes were updated in 2015.
1.


The first two characters generally refer to countries and the third character normally specifies the particular currency or type of funds.
Ability to set assets against liabilities in multiple bank accounts.  


Also used in netting transactions.


Used within SWIFT (Society for Worldwide Interbank Financial Telecommunications) messages, ISO currency codes are often referred to as SWIFT codes.


2.


Examples of ISO currency codes (SWIFT codes) are USD for United States dollar and CHF for the Swiss franc.
More generally, the right to reduce or eliminate a liability, by deducting the amount of a related asset.


For the Swiss franc (CHF) the 'CH' part refers to the Swiss Confederation, standing for Confoederatio Helvetica, its Latin name.
Most commonly, when the asset and liability are with the same counterparty.


The country identifiers are taken in turn from ISO 3166.


3.


ISO 4217 also provides numeric codes for currencies for use in countries that do not use the Roman alphabet.  
More generally still, the netting of any items, whether or not any positive action is needed to cause the netting.


For example, the numeric code for the US dollar is 840 and the Swiss franc is 756.
For example, the netting of inflation differentials and expected changes in spot foreign exchange rates under purchasing power parity theory.


The full list of codes is available at http://www.currency-iso.org/en/home/tables/table-a1.html.


4. ''Environmental concerns''.


==See also==
Abbreviation for carbon offsetting.
* [[CNY]]
* [[euro zone]]
* [[ISO]]
* [[MYR]]
* [[Society for Worldwide Interbank Financial Telecommunications]]




===Other links===
== See also ==
* International Organization for Standardization - http://www.iso.org/iso/home.htm
* [[Assets]]
* [[Carbon offsetting]]
* [[Counterparty]]
* [[Escrow]]
* [[Exchange rate]]
* [[Inflation]]
* [[Interest offset pooling]]
* [[Liabilities]]
* [[Netting]]
* [[Open interest]]
* [[Spot]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Revision as of 21:56, 4 March 2022

1.

Ability to set assets against liabilities in multiple bank accounts.

Also used in netting transactions.


2.

More generally, the right to reduce or eliminate a liability, by deducting the amount of a related asset.

Most commonly, when the asset and liability are with the same counterparty.


3.

More generally still, the netting of any items, whether or not any positive action is needed to cause the netting.

For example, the netting of inflation differentials and expected changes in spot foreign exchange rates under purchasing power parity theory.


4. Environmental concerns.

Abbreviation for carbon offsetting.


See also

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