base currency definitions - fpml基础货币的定义，协议

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1、FpMLRPTWGReportingCurrencyDefinitionsAugust21,2009FpMLReportingCurrencyDefinitionsThisdocumentdefinesasetoftermstodescribethedifferenttypesofcurrenciesinwhichatrade’svaluescanbereported.·Thereissomebackgroundontheterm“BaseCurrency”.·Thereisasetofproposedd

2、efinitionsoftermstodescribedifferenttypesofreportingcurrencies.Background-BaseCurrencyDefinitions[ThefollowingdefinitionsarefromWikipedia,atthisURL:http://en.wikipedia.org/wiki/Base_currency]Inforeignexchangemarkets,thebasecurrencyisthefirstcurrencyinacur

3、rencypair.Thesecondcurrencyisnamedthequotecurrency(countercurrency,termscurrency).Exchangeratesarequotedinperunitofthebasecurrency.NotethatFXmarketconventionisthereverseofmathematicalconvention.Currentlytheeurohasfirstprecedenceforbasecurrency;asaresult,a

4、llcurrencypairsinvolvingitshouldhavetheeuroasthefirstcurrency.Forexample,betweentheUSdollarandtheeurotheexchangeratewillbeidentifiedasEUR/USD;thenumberistheamountofUSdollarsthatcanbetradedforoneeuro.Thecurrencyhierarchyforthemajorsisasfollows:·Euro·Pounds

5、terling·Australiandollar·NewZealandDollar·UnitedStatesdollar·CanadianDollar·Swissfranc·JapaneseYenOthercurrencies(theminors)aregenerallyquotedagainstoneofthemajorcurrenciesandtheircrossratesbetweeneachotherarelesswelldefined."Basecurrency"inforeignexchang

6、ecanalsomeantheaccountingcurrencyordomesticcurrency.Forexample,aBritishbankmayhavea"basecurrency"(accountingcurrency)ofGBP,becauseallprofitsandlossesareconvertedtoGBP.Forexample,ifaEUR/USDpositionisclosedoutwithaprofitinUSDbyaBritishbank,thenthe"rate-to-b

7、ase"willbeexpressedasaGBP/USDrate.Becauseoftheambiguousmeaningof"basecurrency",manymarketFpMLRPTWGReportingCurrencyDefinitionsAugust21,2009participantsusetheexpressions"currency1"and"currency2",whereoneunitofCCY1equalsavariablenumberofunitsofCCY2.Proposed

8、DefinitionsBaseOrganizationThisistheorganizationfromwhoseperspectivethereportdatafieldsarereported.Forexample,theNPVwouldbereportedfromthepointofviewofthebaseorganization(positiveamountsarepayabletothatorganization,