what is swap long and swap short in forex
Foreign exchange swap Once a foreign exchange transaction settles, the holder is left with a positive (or "long") position in one currency and a negative (or "short") position in another. In order to collect or pay any overnight interest due on these foreign balances, at the end of every day institutions will close out any foreign balances and re-institute them for the following day. To do this they typically use "tom-next" swaps, buying (or selling) a foreign amount settling tomorrow, and then doing the opposite, selling (or buying) it back settling the day after.
Premium Bond Winners of the jackpot are told on the first working day of the month, although the actual date of the draw varies. The online prize finder[3] is updated by the third or fourth working day of the month.
Base oil The least refined type which produced by Solvent Refining. It usually consists of conventional petroleum base oils.
Matthew 7:7–8 The common English expression "Seek and Ye Shall Find" is derived from this verse.