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Circus Swap

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Circus Swap
A swap with the features of both a currency swap and an interest rate swap.

Notes:
In circus swaps, loans in one currency with a fixed rate would be swapped for a floating rate loan in the other currency.

Also known as cross-currency swap or currency coupon swap.

Circus swap
A fixed-rate currency swap against floating US dollar LIBOR payments. An acronym that stands for Combined Interest Rate and CUrrency Swap.
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