I'm interested in forex trading and recently came across the term 'BRC'. I'm wondering what BRC stands for and how it relates to the forex market. Could someone please explain this to me?
7 answers
Tommaso
Sat Nov 23 2024
The Bank Realisation Certificate (BRC) holds a significant role in international trade.
FantasylitElation
Sat Nov 23 2024
It serves as a crucial document issued by a bank to an exporter.
Andrea
Sat Nov 23 2024
The issuance of this certificate occurs when the exporter receives payments.
Enrico
Sat Nov 23 2024
These payments are typically in return for goods or services rendered.
BenjaminMoore
Fri Nov 22 2024
The primary purpose of the BRC is to authenticate foreign exchange revenues.