Corkscrew and Euromarket: Difference between pages

Latest revision as of 20:21, 30 June 2022

1.

A market where a currency is traded outside that currency's home country.

For example, US dollars traded in London.

2.

Potentially confusingly, the term 'euromarket' is also sometimes used, much more broadly, as a general term for the international capital market.

This wider definition includes both the narrower strict definition of euromarkets above, and, for example, foreign bonds.

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-A structure for accounting and for the financial modelling of balances.
+.
-The closing balance is calculated from the opening balance, plus or minus the net inflow or outflow for the period.
+A market where a currency is traded outside that currency's home country.
-The closing balance figure in turn provides the opening balance for the next period.
+For example, US dollars traded in London.
-For example:
+.
-Last year’s closing balance (20X2) on the balance sheet = This year’s opening balance (20X3)
+Potentially confusingly, the term 'euromarket' is also sometimes used, much more broadly, as a general term for the international capital market.
-+/-  This year’s flow (in or out in 20X3) = This year’s closing balance (20X3) on the balance sheet
+This wider definition includes both the narrower strict definition of euromarkets above, and, for example, foreign bonds.
-The movement of the developing balance follows a sawtooth or 'corkscrew' path.
-Hence the name 'corkscrew' for this structure.
 == See also ==
-* [[Accounting]]
+* [[euro]]
-* [[Balance]]
+* [[Eurocommercial paper]]
-* [[Daisy chain]]
+* [[Eurocurrency markets]]
-* [[Financial modelling]]
+* [[Foreign bond]]
-* [[Inflow]]
+* [[International capital market]]
-* [[Outflow]]
+* [[Tax sparing]]
-[[Category:Accounting,_tax_and_regulation]]
 [[Category:The_business_context]]
-[[Category:Technology]]
+[[Category:Financial_products_and_markets]]