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.
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 payments."