With foreign exchange contracts, it is possible to lose a large amount of money in a short time, so speculation is both attractive and risky. Contracts are not in connection with an expectation to get a real product, but hoping to get the difference in price of the currencies specified in the contract. The difference in price is defined as the excess of its reduction or between two points in time – for the period of the contract (the price at the time of the signing of the contract).
These financial transactions or the Best Forex VPS are to be distinguished from derivative transactions for real goods, in which the seller may not possess the asset in question at the time, but is supposed to have it after a certain time, and then the real goods will be delivered to the buyer.
A currency futures contract is a legal agreement. Only a limited number of currencies are to be sold on the stock exchanges. The market price at which there is a trade in currency futures or the Best Forex VPS is represented in the values of the exchange rate at a given time. Its rise or fall in the main futures market is also based on changes in exchange rates on foreign currency markets.
Bank deposit is the amount of money deposited into an account of a credit institution in order to obtain interest income generated in the course of the financial operations of the deposit.
The bank that has accepted the funds by the depositor shall repay the amount of the deposit plus interest in the manner provided for by the contract. The condition of the agreement on the refusal of a citizen the right to receive deposits upon demand is negligible.
Typically the investor has the opportunity to dispose of the interest accrued either withdraw them after a period of interest payment specified in the contract. Or attach them to the total amount of the contribution (accrual), increasing the amount of the deposit on which interest is calculated.
Deposit insurance protects depositors funds in the event that the bank becomes insolvent. Payments are made by special funds set up by the banks and (or) state. First deposit insurance system was established in the U.S. in 1933 , it is the oldest institute of management system of deposit insurance – the Federal Insurance Corporation of bank deposits (FDIC).
In regard to income in the form of interest received on bank deposits, the tax base is defined as the excess of the amount of interest accrued in accordance with the terms of the contract over the amount of interest calculated on deposits of the refinancing rate of the Central Bank.