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A dealer makes the following deals in EUR/USD:
Sells EUR 1,500,000.00 at 1.3560
Buys EUR 3,250,000.00 at 1.3542
Sells USD 2,709,600.00 at 1.3548
Buys USD 1,762,410.00 at 1.3557
What is the dealer's position as a result of these trades?
What guidelines does the Model Code provide concerning the practice in the interbank market of only one party to a transaction sending a written confirmation?
If a bank incurs interest charges from having overdrawn an account due to a late payment from a counterparty: