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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We exclude foreign currency swaps by the Bank of Ghana (the central bank) from usable reserves.
We understand that the central bank excludes short-term foreign liabilities, other foreign liabilities, net foreign currency swaps, and reserve requirements on foreign currency deposits to reach the net figure.
The category includes repurchase agreements, primary credit, foreign currency swaps, the Term Auction Facility (TAF), the Primary Dealer Credit Facility (PDCF), securities lent to dealers (including the Term Securities Lending Facility or TSLF), and credit extended to AIG.
After peaking in late December, lending to financial institutions dropped substantially, largely as a consequence of a decline foreign currency swaps.
perform, we would be required to perform under our foreign currency swaps related to these
denominated, respectively, including the effect of foreign currency swaps.
Topic 84-7 Termination of Interest Rate Swaps 84-14 Deferred Interest Rate Setting 84-36 Interest Rate Swap Transactions 85-6 Futures Implementation Questions 86-25 Offsetting Foreign Currency Swaps 86-26 Using Forward Commitments as a Surrogate for Deferred Rate Setting 86-28 Accounting Implications of Indexed Debt Instruments 86-34 Futures Contracts Used as Hedges of Anticipated Reverse Repurchase Transactions 87-1 Deferral Accounting for Cash Securities That Are Used to Hedge Rate or Price Risk 87-2 Net Present Value Method of Valuing Speculative Foreign Exchange Contracts 87-26 Hedging of Foreign Currency Exposure with a Tandem Currency 88-8 Mortgage Swaps 88-18 Sales of Future Revenues
fair value of these foreign currency swaps offset changes in the fair value of the foreign
We generally use foreign currency swaps to manage foreign currency
At November 30, 2004, the fair value of these foreign currency swaps was an unrealized
Earnings in fiscal 2005 were affected by aggregate non-cash charges of $95 million and losses of $189 million associated with interest rate and foreign currency swaps, and foreign currency gains of $76 million.
The specifics of calculating the required collateral posting amount for foreign currency swap counterparties is presented in Appendix B.

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