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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Markit (Nasdaq:MRKT) and CLS Group together reported on Thursday the launch of a new FX settlement service for the cross currency swaps market.
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.
such as cross currency swaps or fixed floating swaps under swap
Cross Currency Swaps - US dollar/yen, US dollar/Swiss franc, euro/yen
For example, interest rate swaps and cross currency swaps have become common terms and are utilized across most strategies.
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.
triReduce offers compression across a broad spectrum of products: cleared and uncleared interest rate products in 27 currencies, credit default swaps, commodity swaps, inflation swaps, cross currency swaps, and FX forwards.
Net proceeds will be used by the company to refinance approximately EUR184m of its senior subordinated notes due 2013 and approximately EUR59m of its senior subordinated notes due 2015 through the use of USD350m notional amount of five year EUR/USD cross currency swaps contracts.
Since launch, more than 210 financial institutions worldwide have participated in this significant risk-reducing achievement which includes compression across a broad spectrum of products: cleared and uncleared interest rate products in 27 currencies, credit default swaps, commodity swaps, inflation swaps, cross currency swaps, and FX forwards.
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.