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However, if the foreign exchange dealer accepts one currency from customers residing or located in New York State at the time of the transaction and, at the customers request, transmits the counter-currency to a third-party, a New York money transmitters license is required. In general, the bank traders are not prepared to deal with other banks at the rates which they post.If they have dollars, they want to make sure they are available for their normal corporate clients. For purposes of determining the bank's net foreign currency position between reporting periods, the Chief Foreign Exchange Dealer would not need to be concerned about those transactions which have no affect on the net position.Securities and Exchange Commission Broker/Dealer(s) In Securities. The public is advised that TRADING OF COMMODITIES FUTURES CONTRACTS IN THE PHILIPPINES...United States Bankruptcy Court The Zelener court distinguished these retail forex transactions from futures contracts because the customer buys foreign currency immediately rather than as of a defined future date, and because the deals lack standard terms. Funds deposited by you with a futures commission merchant or retail foreign exchange dealer for trading off-exchange foreign currency transactions are not subject to the customer funds protections provided to customers trading on a contract market that is designated by the Commodity Futures Trading Commission.South Africa | Foreign Exchange An authorized foreign exchange dealer, normally one of the large commercial banks, must handle international commercial transactions and report every purchase of foreign exchange, irrespective of the amount. As of 2010, South African banks are permitted to commit up to 25 percent of their capital in direct and indirect foreign liabilities.In addition, mutual and other investment funds can invest up to 25 percent of their retail assets in other countries.

3 Retail Foreign Exchange Transactions (Regulation NN) List of Subjects in 12 CFR Part 240. This will allow banking institutions to use the same standard for ECP status as retail forex dealers subject to CFTC jurisdiction when dealing with commodity pools.

Appendix 7: Foreign exchange dealers (g) foreign exchange dealers (see Appendix 7); and.

(h) retail over-the-counter (OTC) derivative issuers (see Appendix 8). If your AFS licence authorises you for any one of the types of financial products or services covered by Appendices 18, you must meet a combination of the standard financial requirements in Sections BD, as well as the tailored and additional requirement(s) explained in the relevant appendix. The advisory is prompted by the complaints of retail investors who lost their moneys to forex trading.

Futures Commission Merchant / Retail Foreign Exchange (a): FCM: Futures Commission Merchant that is registered with the Commodity Futures Trading Commission; BD: The FCM is also registered with the Securities and Exchange Commission as a securities broker or dealer; RFED: Retail Foreign Exchange Dealer that is registered with the Commodity Futures Trading Commission; FCMRFD ... Part 240RETAIL foreign exchange transactions (regulation nn). 4 Trading | What are foreign currency exchange rates? (1) A banking institution; (2) A retail foreign exchange dealer; (3) A futures commission merchant 6 Central Bank of Nigeria | Foreign Exchange Market Retails Payments. The Foreign Exchange Market was liberalised in 1995 with the introduction of an Autonomous Foreign Exchange Market (AFEM) for the sale of foreign exchange to end-users by the CBN through selected authorised dealers at market determined exchange rate.

(d): Excess net capital is adjusted net capital, less the firm's net capital requirement. Retail participation in off-exchange foreign cur-rency (forex) markets has increased dramatically in the past few years. In addition, Bureaux de Change were once more accorded the status of authorized buyers and sellers of foreign exchange.

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