Foreign exchange swap

(redirected from Cross Currency Swap)
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Foreign exchange swap

An agreement to exchange stipulated amounts of one currency for another currency at one or more future dates.

Foreign Exchange Swap

An agreement between two parties to exchange two currencies at a certain exchange rate at a certain time in the future. For example, if a company knows that it will need British pounds in the future and another company knows that it will need U.S. dollars, they agree to swap the two at the agreed-upon exchange rate. This eliminates the risk that the exchange rate will change in a way that is disadvantageous to one party or the other. They are also called currency swaps. See also: Swap.
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Net Income for our quarter ended March 31, 2009 on an Adjusted Non-GAAP basis (excluding impact of currency translation on foreign currency loan, related cross currency swap and India fringe benefit tax) was Rs.
The Company believes that the presentation of this non-GAAP adjusted net income (excluding impact of currency translation on foreign currency loan, related cross currency swap and India fringe benefit tax), when shown in conjunction with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to its results of operations.
Cross currency swaps with appropriately rated counterparties that
Amber has already entered into cross currency swap arrangements whereby the US $113 million Senior Notes have been converted to Cdn $165 million with an average interest rate of 6.
fixed rate notes (rated 'A' by Fitch), via a cross currency swap.
fixed rate notes (rated 'A+', Rating Watch Negative) via a cross currency swap transaction.
The hedges involved both a series of cross currency swaps and an interest rate swap from fixed to floating rates.
We apply the following reasoning: it is very likely that Gazprom will swap its rouble debt into dollars, leading to a shortaterm yield decrease for 3Y cross currency swaps as market participants put pressure on rates in an effort to offer Gazprom the best swap rate.
The credit will cover the payment obligations of the Republic of Cameroon related to the cross currency swaps executed with commercial banks to hedge the proceeds of a USD denominated Eurobond currently being marketed.
125% and repayment due December 3, 2019, fully backed by a KORES guarantee, and entered into 5 year AUD/USD cross currency swaps for proceeds of approximately USD84 million, with a fixed annual interest rate of 2.
Risk cited TriOptima s introduction of unlinked compression for cleared trades as a major contribution, as well as the continuing expansion of the triReduce compression catalogue, most recently cross currency swaps.
Huntsman used the net proceeds to refinance approximately euro 184 million of its senior subordinated notes due 2013 and approximately euro 59 million of its senior subordinated notes due 2015 through the use of $350 million notional amount of five-year euro/$ cross currency swaps contracts.