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Forex Terms
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1. Valuation The process of determining the value of an asset or company.
2. Value Date The settlement date for a currency contract, usually two business days. For USD/CAD it is one business day.
3. Variation Margin Funds, which are required to bring the equity in an account back up to the initial margin level, calculated on a day-to-day basis.
4. Volatility Measure of how much the price of a currency changes over time.
5. Vostro Account An account of a foreign bank held at a domestic bank where the foreign bank has no branches. It is used for cash management purposes. Vostro means yours in Latin. See Nostro Account.

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