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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In New Zealand, every customer of HSBC Premier, the bank s flagship global personal banking scheme, enjoys services of a dedicated local relationship manager in addition to several other benefits such as zero-fees at countrywide ATM network, plus foreign currency swap at any HSBC branch across the world without any commission and money transfer services globally amid customer s own HSBC accounts for free within just half-minute.
a foreign currency swap, which effectively converted this U.
The specifics of calculating the required collateral posting amount for foreign currency swap counterparties is presented in Appendix B.
42 billion in non-cash impairment losses on goodwill, intangible assets and property and equipment, interest rate and foreign currency swap losses of $150 million and foreign exchange gains of $278 million.
contracts or we enter into a foreign currency swap.
For the three months ended May 31, 2009, the Company reported a net loss of $110 million - including a non-cash $247 million impairment of goodwill in Canwest's Publishing operations, interest rate and foreign currency swap losses of $177 million and foreign exchange gains of $368 million primarily related to the foreign currency gains associated with the U.
This series was previously issued in Japanese Yen with a foreign currency swap provided.
The Company also announced that on November 8, 1999, it had completed the sale of its investment in a 11,980,000 Pounds Sterling mezzanine loan and terminated its related foreign currency swap arrangement.
tax rules for foreign currency swap and option transactions under Sec.
1) EBITDA is defined as earnings before interest, income taxes, depreciation, amortization, interest rate and foreign currency swap losses, foreign exchange gains (losses), investment gains, losses and write-downs, loss on debt extinguishment, minority interests, interest in earnings of equity accounted affiliates, realized currency translation adjustments and earnings (loss) from discontinued operations.
The Company has entered into a Foreign Currency Swap to reduce its exposure to adverse fluctuations in exchange rates on the principal amount of its US Dollar-denominated Senior Debentures due 2006 ("Senior Debentures").
16 per share which related to a foreign currency swap agreement that was in place until October of 1993.

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