Currency swap

Currency swap

A currency swap is a foreign-exchange agreement between two parties to exchange aspects (namely the principal and/or interest payments) of a loan in one currency for equivalent aspects of an equal in net present value loan in another currency; see foreign exchange derivative.

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Part of Speech: noun
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Industry/Domain: Financial services
Category: Stocks & securities
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currency swap

Banking; Investment banking

Also referred to as a swap. An arrangement in which a currency is sold at the spot rate and then immediately repurchased forward or the other way round. Currency swaps are used to ...

currency swap

Financial services; Stocks & securities

A currency swap is a foreign-exchange agreement between two parties to exchange aspects (namely the principal and/or interest payments) of a loan in one currency for equivalent ...

currency swap

Financial services; General Finance

An agreement to swap a series of specified payment obligations denominated in one currency for a series of specified payment obligations denominated in a different currency.

currency swap

Financial services; Commodity exchange

A swap that involves the exchange of one currency (e.g., U.S. dollars) for another (e.g., Japanese yen) on a specified schedule.

Cross Currency Swap

Economy; Forex

It is basically an agreement between 2 parties to interest payments and principal on loans denominated in two different currencies. For example A borrows X amount of USD from B ...

swap

Language; Dictionaries

A blow; a stroke.

above par

Financial services; Stocks &securities

If bonds are re-sold on the secondary market, and if interest rates are lower that the bond's coupon rate, the bond will be sold at a premium, or above par.

P/E ratio

Financial services; Stocks &securities

The ratio of a company's current price per share and average earnings per share. The former is divided by the latter. A high ratio suggests high growth potential in the future.

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