3MCo.,8,198

Asiancrisis,47,80,88,112,190,192,194,

Bidrate.SeeBidquote

ela

196–201,227,256,323,r

358,436,469AbsoluteA

AsianDevelopmentBank,49,197Asiandollarmarket,67,689forecasterror,284–287,289–296,

Asianmoneymarket,66–67

298–301,626,631,640,655Askquote,58–60,80,118,206,211–212AbsoluteformofPPP,233,689Askrate.SeeAskquote

Acceptancecommission,568Assignmentofproceeds,566,689

Accountingdistortions,386Atthemoney,128–129,133,141,144,147,

Accountingstandards,86,318

155,266–267,269,361–363,368,497Accountsreceivable,7,562,567,574,576,

AT&T,10,398597,599–600,613,645,660,670,Audi,400

689–690,692

sBid/askspread,58–61,80,83,112,118,128,

204,206,282,690

Bilateralnettingsystem,603,690Billofexchange.SeeDraft

Billoflading,564–565,690,694–695

BIS.SeeBankforInternationalSettlementsBlack&Decker,320,348,399BlockbusterVideo,10

Blockedfunds,422,428–429,431,433,455,

493,520,602,605,613–614,646BloodyThursday,88,197,201

Bloomberg,63,83–84,101,216,228,231,

Accountsreceivablefinancing,562,567,

260,506,527,544,547,552,572,583,574,576,598,607,617B/L.SeeBilloflading

Boeing,9

Back-to-backloan.SeeParallelloan

Borden,Inc.,453

Balanceofpayments,27,29–30,50–51,689Break-evensalvagevalue,429–430,437,439Balanceoftrade,28,32–35,37,39–43,48,

BrettonWoodsAgreement,56,172,690Advisingbank,o645,689Accretionswap,546ACM,56

Adidas,37,373

ADR.SeeAmericandepositoryreceipt563–565,68950–51,53,167,172,177,188,264,267,Broker,71,108,123–125,128,144,544,566,

AfricanDevelopmentBank,49

636,639,689

573

Agencycost,4,6,19,21,24,515,t527BankforInternationalSettlements,49,96,

Brokeragefees,124,131–132,135Agencyproblem,4–5,18–19,21,77,263,

182,689

Brokeragefirm,91–92,123,125,128383,386,432,451,515,681,689 B

N

foBankLetterofCreditPolicy,572,689Bullspread,146,162–166,361,369–370AIG,26,573

BankofAmerica,48

Bureaucracy,478–479,484–485,495,499AirProductsandChemicals,130Banker’sacceptance,561,565,567–570,574,

Businesscycle,182,401,479,577,600

Airwaybill,565,689689

All-inrate,568,689Bankruptcy,26,502–504,526

Altria,353

Barrierstotrade.SeeTradebarrierAmericandepositoryreceipt,73,81,91–92,

Barter,570–571,689C

CAFTA.SeeCentralAmericanTrade

677,689

BaselAccord,68,689Agreement

American-styleoption,139BaselCommittee,68Call.SeeCurrencycalloption

Amortizingswap,546BaselIIAccord,68Calloptionhedge.SeeCurrencyoption

Anheuser-Busch,20Basisswap,546hedge

Antipollutionlaw,408

Bausch&Lomb,44

Calloptiononrealassets,465–466,690Arbitrage,74,119,124,150–153,169,

Bearspread,146,165–166,361–362,

Callpremium,136,150203–221,223–231,252,257,262,264,370–371Callprovision,71266,583–584,608,610,615,638,BerlinWall,34

Callableswap,546

650–651,689–690,694,697Beta,504–505,509,522,524–526,550,628CampbellSoupCo.,544Arm’s-lengthtransaction,448Bidbond,566

Canon,44

Ashland,Inc.,544

Bidquote,58–60,80,211–212

Capitalaccount,27–29,50–51,690

703