swap
In exchange markets, this is a simultaneous sale of a currency on the spot market together with a purchase of the same amount on the Forward Market. By combining these two transactions into a single one,transactions costs may be reduced. An arrangement between central banks whereby they each agree to lend their currency to the other.
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International Swaps and Derivatives Association (ISDA)
convertible bond
Quality option
swaption
Circus Swap
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