Forex Glossary (N)

Here are some terms that used in FOREX trading with series of N. Nickel US term for five basis points

Nostro Account A foreign currency current account maintained with another bank. The account is used to receive and pay currency assets and liabilities denominated in the currency of the country in which the bank is resident.

Not Held Basis Order An order whereby the price may trade through or better than the client's desired level, but the principal is not held responsible if the order is not executed.

Note A financial instrument consisting of a promise to pay rather than an order to pay or a certificate of indebtedness.