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 are delighted to continue our collaboration with IIFM by jointly launching the Islamic cross-currency swap standard product template.
The agreement also allows the JSE the potential to list Cross-Currency Swap Futures, as well as Credit Default Swap Futures on South African single names and baskets.
After considering a number of alternatives, the CFO decides to utilize a cross-currency swap to hedge its exposure.
Further, Taiwan is currently in talks with Beijing on a cross-currency swap agreement.
Moreover, she said the issue will help attract international investors to the Thai bond market as well as enhance liquidity in the cross-currency swap market.
SPICES 2005-1 is a credit-linked structure whereby the noteholders obtained credit exposure to the qualified investment via a cross-currency swap.
dollar explained 85% of changes in cross-currency swap valuations.
2 million covering a Euro US dollar cross-currency swap arrangement between Citibank, Societe Generale, and Standard Chartered Bank and the government of Senegal.
This latest release extends this capability with the addition of building discount curves and forward curves in multiple currencies, consistent with the rate payable on any collateral, as well as with the cross-currency swap market.
IFC s proposed Client Risk Management product in the Company is a cross-currency swap with a Loan Equivalent Exposure of US$9 million.
25 /PRNewswire-FirstCall/ -- Urbi Desarrollos Urbanos SAB de CV has announced that it has signed a cross-currency swap agreement with Morgan Stanley to extend the coverage of its hedge to also include the interest coupons of its US$ bond due 2016 for the period April 2011 to April 2016, which were not previously covered.
IFC also proposes to enter into a cross-currency swap with a notional amount of up to US$5 million to allow FINCA Georgia to swap part of its foreign currency denominated borrowings into GEL.