What does otc mean in Chinese?
English abbreviations for 1 and 10 month.
10 is the tenth month in a year and the third month in autumn. Gregorian calendar 10 is a big month with 3 1 day. English: October, Oct for short, 10 solar terms: cold dew (8-9), first frost (23-24).
2. Non-prescription drugs
OTC(Over The Counter) refers to drugs that consumers can buy directly from pharmacies or pharmacies without a doctor's prescription, and can be used safely without the guidance of medical professionals, that is, drugs that can be purchased and used by themselves without the prescription of medical practitioners or assistant doctors.
OTC is divided into Class A OTC and Class B OTC. Class A (red) hospitals and pharmacies can sell them; Class B (green) is sold in hospitals, pharmacies, supermarkets, hotels and other places.
3. OTC market
Over-the-counter market refers to the market formed by buying and selling securities through a large number of scattered securities counters and major telecommunications facilities of securities operating institutions such as investment banks. Sometimes called OTC market or OTC market, it constitutes another important part of the bond trading market.
In terms of categories, the securities traded in the OTC market are mainly government bonds, and stocks account for a small proportion. As for all kinds of bonds traded, from the perspective of trading volume, national debt is the main one. Because these markets do not have centralized and unified trading systems and places, they are collectively called OTC markets.
Also known as OTC or OTC market, it refers to the market where buyers and sellers of securities negotiate face to face outside the exchange. It has no fixed place, and its transactions are mainly conducted by telephone, telegraph, fax and computer network. The securities traded are mainly those that are not listed on the exchange.
4. Spot foreign exchange transactions
Otc (spot foreign exchange trading) generally refers to spot foreign exchange trading, which is the symmetry of forward foreign exchange trading. Refers to the form of foreign exchange transactions in which buyers and sellers make delivery on the day or the second business day after the transaction is completed. Spot foreign exchange transaction is the most common transaction form in the international foreign exchange market, and its basic function is to complete currency exchange.
Extended data:
OTC trading mode (forward foreign exchange trading)
Spot foreign exchange trading is the most commonly used trading method in the foreign exchange market, accounting for most of the total foreign exchange transactions. Mainly because spot foreign exchange transactions can not only meet the buyer's temporary payment needs, but also help buyers and sellers adjust the currency ratio of foreign exchange positions and avoid exchange rate risks.
Enterprises can eliminate the losses caused by exchange rate fluctuations within two days by conducting spot foreign exchange transactions with the same amount and opposite direction with existing open positions (assets or liabilities exposed to foreign exchange risks due to differences in foreign exchange assets and liabilities).
Since spot foreign exchange transactions only fix the exchange rate for delivery on the third day in advance, their hedging effect is very limited. It is a foreign exchange transaction in which two different currencies are exchanged at the exchange rate agreed by both parties and settled after one or two business days.
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