Срочный валютный рынок Республики Беларусь: проблемы создания и регулирования

Abstract

The article is devoted to formation and legal regulation of terminal money market in the Republic of Belarus. The authors show definitions, functions, advantages and disadvantages of functioning of terminal money markets and their derivatives. They explore global and national aspects of development of derivative money markets, their macro- and microeconomic influence on the economies of various countries. They analyze some differences in Russian and Belarusian legal regulation, give information on the establishment of auctions with derivative money instruments on the Belarusian Currency Exchange, bargains on term on the US Dollar and Euro, their normative regulation. The authors also give the formulas of definition of such parameters as accounting price, market limits, cost estimation of net positions, variational and deposit margins.