cross-currency settlement risk
Definition
Probability of loss in settlement of foreign exchange contracts which arises when a counterparty pays out one currency before receiving a payment of the other. See also Herstatt risk.
cross-currency settlement risk is in the Banking, Commerce & Finance, Currency Trading, Disaster Planning & Risk Management and Investing subjects.
cross-currency settlement risk appears in the definitions of the following terms: Herstatt risk and settlement risk
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