A derivative, also called a cross-currency swap or a currency coupon swap, in which a fixed-rate loan in one currency is swapped with a loan in another currency with a floating interest rate. This type of swap allows the foreign exchange trader with the fixed rate loan to benefit from a decline in the interest rate of the second currency, or for the trader with the floating loan to protect against increasing interest rates in the first currency.
Browse by Subjects
durable goods orders
Association of Financial Advisers
abusive tax shelter
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):