What is daily settlement limit?
Foreign exchange (FX) settlement risk is the risk of loss when a bank in a foreignexchange transaction pays the currency it sold but does not receive the currency it bought. please refer to http://www.bis.org/publ/bcbs73.pdf?noframes=1thanks and regards,karpaka rajan v chettiar,insurance advisor, internal auditor, banker,abu dhabi, UAEkarpaka@gmail.com
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