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A time for special FX

Dealers are beginning to think a lot more seriously about credit-adjusting the prices they quote on foreign exchange derivatives. How are they calculating this, and how are clients responding to the move? By John Ferry

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Supermarkets are often harangued for pricing alcohol so low they actually make a loss on it. The idea is that customers decide to use a particular store to buy their alcohol, but conclude they may as well do the rest of their shopping while they are there - and it is on the other products thrown into the trolley that the company makes its profit. Big supermarkets, however, are not the only

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