Translation of "foreign exchange record " (English → French) :

net future income/expenses not yet accrued but already fully hedged (at the discretion of the reporting institution and with the prior consent of the competent authorities, net future income/expenses not yet entered in accounting records but already fully hedged by forward foreign-exchange transactions may be included here).

The act places obligations to keep records, identify clients, and report certain financial transactions on a wide range of financial institutions, including what we call financial entities, which are the deposit-taking institutions banks, credit unions, and so on accountants; casinos; money services businesses; foreign exchange dealers; securities dealers; life insurance companies; and real estate brokers and agents.

However this amount of exports is equivalent - according to the Survey of foreign exchange markets by the Bank for International Settlements - to less than 3 days transactions (i.e. in 1999 about 2000 billion US dollars worth of foreign exchange was recorded daily).

The strategy also seeks to keep to a minimum the costs that organizations such as banks, trust companies, and foreign currency exchanges incur to comply with the requirements to keep records, identify clients, and report unusual or suspicious transactions.

WHEREAS IT IS NECESSARY TO FIX THE RATE OF EXCHANGE TO BE USED FOR MEASURES TAKEN IN PURSUANCE OF THE COMMON AGRICULTURAL POLICY WHICH REQUIRE SUMS GIVEN IN ONE CURRENCY TO BE EXPRESSED IN ANOTHER CURRENCY ; WHEREAS ALL MEMBER STATES AND A LARGE NUMBER OF THIRD COUNTRIES HAVE COMMUNICATED PAR VALUES FOR THEIR CURRENCIES TO THE INTERNATIONAL MONETARY FUND AND WHEREAS THE LATTER HAS RECOGNISED THESE PAR VALUES ; WHEREAS , UNDER THE RULES OF THE FUND , EXCHANGE RATES WHICH APPLY TO CURRENT TRANSACTIONS AND ARE RECORDED ON FOREIGN EXCHANGE MARKETS SUPERVISED BY THE MONETARY AUTHORITIES OF COUNTRIES THE PAR VALUES OF WHOSE CURRENCIES HAVE BEEN RECOGNISED BY THE FUND MAY DIFFER FROM PARITY ONLY WITHIN NARROW LIMITS ; WHEREAS , THEREFORE , THE ...[+++]USE OF THE EXCHANGE RATE CORRESPONDING TO PARITY NORMALLY MAKES IT POSSIBLE TO AVOID MONETARY DIFFICULTIES WHICH MIGHT HINDER THE IMPLEMENTATION OF THE COMMON AGRICULTURAL POLICY ;

THE EXCHANGE RATE TO BE APPLIED IN RESPECT OF THE CURRENCIES OF COUNTRIES WHICH HAVE NOT COMMUNICATED PAR VALUES TO THE INTERNATIONAL MONETARY FUND OR WHOSE PAR VALUES ARE NOT RECOGNISED BY THAT BODY BUT WHOSE CURRENCIES ARE QUOTED ON THE OFFICIAL FOREIGN EXCHANGE MARKETS SHALL BE THAT RECORDED ON THE MOST REPRESENTATIVE MARKET OR MARKETS , AS PROVIDED BY PARAGRAPH 4 .