Meaning of currency swap
Currency Swap
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Enterprise risk management
Glossary of enterprise risk management terms
Meaning and definition of currency swap :
Currency Swap: An exchange of two currencies at the spot exchange rate. Over the term of the agreement, the counterparties exchange fixed or floating rate interest payments in their swapped currencies. At maturity, the principal amount is reswapped at a predetermined exchange rate so that the parties end up with their original currencies.
For the term currency swap may also exist other definitions and meanings, the meaning and definition indicated above are indicative not be used for medical and legal or special purposes.
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Glossary of enterprise risk management terms
Currency Swap
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