Tesla Rebounds After Hitting Support, but Questions Remain

Tesla, Inc. (TSLA) shares fell just 1.62% during Friday’s session after rebounding from lows near the 50-day moving average at $607.48. In addition to the wider stock market rout, nCov-19 led to a 46% month-over-month drop in new Tesla car registrations in China, and nearly three-quarters of its vehicles were built in China, whose factories…

Bank Bill Swap Bid Rate (BBSY) Definition and How It’s Used

What Is the Bank Bill Swap Bid Rate (BBSY)? The Bank Bill Swap Bid Rate (BBSY) is an Australian benchmark interest rate quoted and dispersed by the data provider Thompson Reuters Information Service. The BBSY is typically used by financial institutions or corporations engaging in interest rate swaps and related transactions. Key Takeaways BBSY, or…

How It Works and Obligations

What Is Delivered-at-Place (DAP)? Delivered-at-place (DAP) is an international trade term used to describe a deal in which a seller agrees to pay all costs and suffer any potential losses of moving goods sold to a specific location. In DAP agreements, the buyer is responsible for paying import duties and any applicable taxes, including clearance and local taxes, once…

Electronic Check Presentment (ECP) Definition

What Is Electronic Check Presentment (ECP)? Electronic check presentment (ECP) is a process that allows financial institutions to exchange digital images of checks instead of paper to increase the speed of the check-cashing process. The signing of the Check Clearing for the 21st Century Act (Check 21) by President Bush on October 28, 2003, permitted…

3 Reasons China’s Slowdown Is Cause for Concern

Investors across the globe are increasingly worried about the state of China’s economy–the world’s second-largest economy after the United States–which has been severely impacted by rising credit levels, a slowdown in its gross domestic product (GDP), and the ongoing trade war with the U.S. Very few economies have grown at the rate of China’s; according…