Foreign exchange forward contract and Scheme actuary: Difference between pages

Latest revision as of 14:40, 9 October 2013

Pensions.

The named actuary appointed by the trustees of an occupational pension scheme under UK pensions legislation.

Sometimes ‘appointed actuary’ is used, although this does not always have precisely the same meaning.

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-A transaction which solely involves the exchange of two different currencies:
+''Pensions''.
-(i) on a specific future date
+The named actuary appointed by the trustees of an occupational pension scheme under UK pensions legislation.
+Sometimes ‘appointed actuary’ is used, although this does not always have precisely the same meaning.
-(ii) at a fixed foreign exchange rate which is pre-agreed at the outset of the contract.
-Foreign exchange forward contracts are used - among other purposes - for hedging forward foreign exchange exposures.
+== See also ==
-For example known or likely future currency receivables and payables.
+* [[Actuary]]
+* [[Scheme auditor]]
-They are priced by adjusting the spot foreign exchange rate to reflect the interest rate differential between the two currencies involved for the forward period.
+[[Category:Manage_risks]]
-Also known as a Forward foreign exchange contract, or a Foreign exchange forward.
-== See also ==
-* [[Hedging]]
-* [[Non-deliverable forward]]
-* [[Synthetic]]