Foreign exchange 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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For the purposes of our discussion on the hedged portion of long-term debt, we have used non-GAAP measures in that we include all Cross-Currency Swaps, whether or not they qualify as hedges for accounting purposes, since all such Cross-Currency Swaps are used for risk management purposes only and are designated as a hedge of specific debt instruments for economic purposes.
For non-USD issuers, there is also noise from the underlying foreign exchange (Fx) exposures unless everything is swapped back to USD fixed or floating via cross-currency swaps.
The firm also revealed details of its new services for Foreign Exchange (FX) options and cross-currency swaps that help companies hedge against currency risk.
He added that the IIFM was working on several other standard contracts, including one for cross-currency swaps and an interbank Wakalah agreement.
dollar, which particularly impacts the value of our Canadian cross-currency swaps.
As the enforceability of the subordination of such termination payments is uncertain due to lack of legal precedent, the agency would factor the effects of swap termination payments potentially owed by the covered bond trust to the counterparty in the event of counterparty insolvency in its cash flow model analysis if CIBC's Short-Term IDR were to fall below 'F1+' and no further mitigants are in place which could result in a considerably higher liquidity level being consistent with the same rating stress as the market value of both the interest rate and cross-currency swaps could vary significantly over time.
04 per diluted share, from the change in fair value of the interest rate component of the cross-currency swaps related to the company's senior notes as required by SFAS 133.
According to the company's website, the firm is a market maker in 200 currency pairs in spot, outright forwards, NDFs, option contracts, cross-currency swaps and exotic currencies.
Net debt is defined as total debt minus the fair value of cross-currency swaps associated with debt minus cash and cash equivalents.
For the class A-1 notes, the provision of cross-currency swaps by
The main reason we haven't seen more offshore issues this year is the spreads on the cross-currency swaps," Ms.
liabilities by entering into cross-currency swaps with BG Energy