Monday, January 30, 2012

Terminology

1/
A term found in the archives:

A side-note: FOA, Foreign Operations Administration (after June 30, 1955, International Cooperaton Administraton (ICA))

Source: http://history.state.gov/historicaldocuments/frus1955-57v09/terms#t_FOA1

2/
A term found in wiki:
"The Iran–Iraq War (also known as the First Persian Gulf War and by various other names) was an armed conflict between the armed forces of Iraq and Iran, lasting from September 1980 to August 1988, making it the longest conventional war of the 20th century. It was initially referred to in English as the "Persian Gulf War" prior to the "Gulf War" of 1990." ~Wiki

Source: http://en.wikipedia.org/wiki/Iraq_Iran_War

3/
Gold quality swap
a)
"Gold quality swap exchange of gold of one delivery standard (purity) for gold of another delivery standard with a commitment to reverse the exchange at some specified future date."

http://archive.treasury.gov.uk/docs/2001/eea2802_glossary.html

b)
"Under a gold location swap, gold stored in a particular physical location is swapped with a
market counterparty for a specified period with gold stored in another physical location.
Under a gold quality swap, gold of a particular quality (“fineness”) is swapped with a market
counterparty for a specified period with gold of a different fineness. In each case a fee is
built into the transaction."

http://www.bankofengland.co.uk/markets/forex/offreserves.pdf

c)Exchange Equalisation
Account: Accounts 1998-99

Investments need to be highly liquid so they can be made available quickly for
intervention purposes if necessary and carry minimal credit risk. Essentially this means that the
bulk of the assets are securities issued by the national governments of the United States, France,
Germany and Japan and currency deposits with highly rated banks. During 1998-99 the EEA
also made use of other financial instruments including:
• bonds issued by supra-national organisations and selected official sector agencies,
• foreign currency spot, forward and swap transactions,
• interest rate and currency swaps,
• bond and interest rate futures,
• sale and repurchase agreements,
• forward rate agreements,
• gold deposits, gold loco and gold quality swaps,
• special drawing rights (SDRs),

Gold quality swap exchange of gold of one delivery standard (purity) for gold of another delivery
standard with a commitment to reverse the exchange at some specified future date.

http://www.hm-treasury.gov.uk/d/1998-99_pdf.pdf
and
http://www.hm-treasury.gov.uk/d/EEA_1999-2000.pdf

[Mrt -> Also note dates of those papers:]

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