TT buy versus Spot Rates: banknetindia.com


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Name :	A. Banerji
Subject:	TT buy versus Spot rates
Message :	The US Federal Reserve’s web-site shows that tt buying rates were same as spot. However, text-books say that a margin is deducted from the “spot bid” to derive “tt buy”. Why this dichotomy in US Federal Reserve’s web-site? I am curious, academically. It is an excellent data-showroom, thankfully, without the frills associated with most dot-coms.