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URGENT POSITIVE RESPONSE IS NEEDED.
It is my sincere pleasure at this moment to exhibit my total trust bestowed on you in accordance to my Proposed partnership relationship with you of which I am fully convinced that you will really welcome my partnership with you in this transaction Being very skeptical about dealing with People in such transaction, Ranging from the height of fraudulent activities encompassing the world.
In other Words,I went into a more concrete arrangement in couriering to your doorstep, a total of US$10.5million through INTER-BANK TRANSFER.This amount of Money belongs to our Deceased Customer as there was no claims over this Dormant Balance Account for a period of many Years.
Therefore,i am in need of a Reliable Partner that would come forward to put claims over the Funds for its Transfer into his/her Foreign Bank Account. This is beacuse i am the Director of Foreign Remmittance Department of my Bank BOA for secure Transfer of this Funds without any Hinderances.
All I am expecting from you, as a matter of greatest urgency and importance is your sincerity and Honesty as i have some of the Needed Legal Documents to prove that this Business is Lawful for its onward Remmittance. I urgently want you to send all the demanded Personal Informations below to me as soon as you receive this PROPOSAL inorder to show your readiness and Willingness in this Proposed Business.
2) Your Age........................... .............
3) Your Mobile and Home Phone Number..............
4) Your Fax Number.......................
5) Your Country Of Nationality................... ............
.6) Your Occupation.................... .........
7) Sex........................... .....................
8) ALTERNATIVE E-MAIL ADDRESS /
Best regards,
MR RAZO OSANIH
Forex swap
Structure
A forex swap consists of two legs:
- a spot foreign exchange transaction, and
- a forward foreign exchange transaction.
These two legs are executed simultaneously for the same quantity, and therefore offset each other.
It is also common to trade forward-forward, where both transactions are for (different) forward dates.
By far and away the most common use of FX swaps is for institutions to fund their foreign exchange balances.
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 (selling) a foreign amount settling tomorrow, and selling (buying) it back settling the day after.
The interest collected or paid every night is referred to as the cost of carry. As currency traders know roughly how much holding a currency position will make or cost on a daily basis, specific trades are put on based on this; these are referred to as carry trades.
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