Foreign exchange swap

(redirected from Cross Currency Swaps)

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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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.
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.
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.
Bloomberg is also offering daily reference prices for onshore CNY cross currency swaps.
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 will use 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 $350 million notional amount of 5-year euro/$ cross currency swaps contracts.
The interest rate swap valuation service now provides valuations of fixed-for-fixed cross currency swaps in any combination of currency pairs offered.
for wrong-way risk) and volatilities for Interest Rate Swaps, Cross Currency Swaps, CDS and CDO's for both individual trades and/or portfolios.
In 2009 and 2010, Mr Nambiar was employed at Westpac Institutional Bank to trade on a range of financial products including foreign exchange and cross currency swaps on behalf of Westpac.
The IR TRR holds summary transaction-level information for the full range of non-cleared OTC derivative interest rate transactions, including caps/floors, forward rate agreements, options, swaps, swaptions, and cross currency swaps.