Advertisement

Objectives, Organisation and Operation of a Dealing Department

  • Nigel R. L. Hudson
Part of the International Banking Series book series (IBS)

Abstract

Banks are the intermediary in the money system in so far as they accept deposits, either demand or time, interest-bearing or noninterest bearing, from customers and then use these deposits to make loans, or other deposits with other banks, or to purchase investments. At the same time, they are the intermediary in international trade since they enable their financial and commercial customers to buy and sell the foreign exchange which they require. The banks also enable their customers to invest their surplus funds in foreign currency deposits with them. The objectives of the dealing department are to satisfy these needs in a satisfactory manner for both customer and banker.

Keywords

Foreign Exchange Foreign Currency Foreign Exchange Market International Banking Excess Fund 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Nigel R.L. Hudson 1979

Authors and Affiliations

  • Nigel R. L. Hudson

There are no affiliations available

Personalised recommendations