Master FX Agreement Documents Close To Approval, Says BBA
REGULATIONS
Two major international agreements on standard market terms are scheduled to be issued during the next few months, officials on both sides of the Atlantic confirm. Bob Blower, secretary of the British Bankers Association's (BBA) foreign exchange committee says the group is close to approving an updated version of the standard currency options agreement and is making rapid progress on one covering spot and forward foreign exchange deals.
According to Blower, the new International Currency Options
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