Conversion Account - A general ledger account representing the uncovered position in a particular currency. Such accounts are referred to as Position Accounts.
Conversion Account The process by which an asset or liability denominated in one currency is exchanged for an asset or liability denominated in another currency.
See Conversion Account.
Position Clerk:
A clerk who assist the dealer in recording a dealers position and ensures that all deal tickets are completed and transferred to the back office or input into the books in a position keeping system.
 See also: Currency, Interest, Option, Future, Conversion
  
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