BANK FOR INTERNATIONAL SETTLEMENTS Definition

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BANK FOR INTERNATIONAL SETTLEMENTS (BIS) is the central bankers' bank based in Basle, Switzerland.

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PLACEMENT is bank depositing Eurodollars with (selling Eurodollars to) another bank is said to be making a placement.

SALES PROCEEDS are the sum of the service units (products, services) sold by a corporation within a particular period. The sales proceeds are calculated from the quantities sold (pcs, kg, hrs) multiplied by the sales price per unit within a particular period.

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