Banking
FX Spot Trade — Sell USD (Customer Transaction)
A customer sells USD 50,000 to the bank at the bank's buying rate.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Customer Account (JOD Credit) | Liability (-) | - | 35,400.00 |
| USD Nostro Account (Received) | Asset (+) | 50,000.00 | - |
| FX Dealing Income (Spread) | Revenue (+) | - | 100.00 |
💡 Accountant's Note
The bank earns a spread on every customer FX transaction — the difference between the buy and sell rates. This is a major non-interest income stream for banks with active retail and corporate FX desks.
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