The company said that it exchanged the principal and interest payments from the term loan for EUR denominated payments at an all-in 1.225% fixed interest rate, through a cross currency
interest rate swap.
The platform is already used for FX options, interest rate and cross currency
swaps and all derivatives, securities and fixed income desks will be migrated in the future.
BSE has received SEBI approval for introducing cross currency
derivatives (future and options) on pairs such as Euro (EUR)-US Dollar (USD), Pound Sterling (GBP)-USD and USD-Japanese Yen (JPY).
Summary: Mumbai (Maharashtra) [India], Feb 21 (ANI): The Bombay Stock Exchange (BSE) on Wednesday received the approval from Securities and Exchange Board of India (SEBI) for introducing cross currency
derivatives (future and options) on pairs such as Euro (EUR) - US Dollar (USD), Pound Sterling (GBP) - USD and USD - Japanese Yen (JPY).
Ijlal explained the working of Hedging Product Confirmations namely those relating to Islamic Profit Rate Swaps, Islamic Cross Currency
Swaps and Islamic FX Forwards, which are required to mitigate currency or rate of return mismatch risk.
Kuala Lumpur: Bank Negara Malaysia ("BNM") and Bank of Thailand ('BOT") have respectively appointed CIMB Bank and CIMB Thai as Appointed Cross Currency
Dealers ("ACCD") for the settlement of ringgit-baht trade under the newly launched Local Currency Settlement Framework.
"We have had a promising start to the year, particularly with the performance of some of the exchange's more recent contracts such as the two new pairs of Mini Indian Rupee Cross Currency
Futures and MSCI Futures, Gaurang Desai, interim chief executive officer, DGCX.
dollar and middle rates of the cross currency
quotes at noon.
But cross currency
movements ( euro and British pound losing against the US dollar) might have hit its revenues by about two per cent, bringing down its topline growth to around three per cent," said Harit Shah, IT analyst at Karvy Stock Broking.
The airline also saw a high negative change in the fair value of cross currency
interest rate swaps.
International Resource News-26 November 2008-Connacher Oil Closes Cross Currency
Asset Swap(C)2008 ENPublishing - http://www.enpublishing.co.uk
This platform also helps clients to convert an existing manual process into an end to end STP solution for cross currency