Examlex
The following are the net currency positions of a U.S. FI (stated in U.S. dollars) . Note: Net currency positions are foreign exchange bought minus foreign exchange sold restated in U.S. dollar terms. How would you characterize the FI's risk exposure to fluctuations in the yen/dollar exchange rate?
40,000 Mile Warranty
A guarantee provided, typically by a vehicle manufacturer, covering repairs and certain maintenance for up to 40,000 miles of vehicle use.
Breached Contract
Occurs when one party to a contract fails to fulfill its legal obligations as specified in the agreement, thereby violating the contract.
Private Sale
A transaction of goods or property conducted directly between individuals without the involvement of an intermediary or public auction.
Reasonable Notification
A requirement to give timely and clear information or warnings in various legal and regulatory contexts, ensuring that parties involved are properly informed.
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