The foreign exchange market is the world's largest financial market. This apex of the international marketplace is charged with circulating the capital resources of the global economy. As a result of this cross-pollinating function, the FX market faces myriad variations of practices, systems, legal issues, risk and policy, which are very often contradictory. This volume offers an overview of the issues in the FX market. Topics include: the laws of foreign exchange including contract law, payment law and bankruptcy law; the fundamentals of foreign exchange transactions; derivatives - currency swaps, FX options, futures, credit risk, market risk and criminal law problems; and international foreign exchange agreements.