Currency swap
Derivative contract for an exchange of payments / From Wikipedia, the free encyclopedia
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Not to be confused with Foreign exchange swap.
In finance, a currency swap (more typically termed a cross-currency swap, XCS) is an interest rate derivative (IRD). In particular it is a linear IRD, and one of the most liquid benchmark products spanning multiple currencies simultaneously. It has pricing associations with interest rate swaps (IRSs), foreign exchange (FX) rates, and FX swaps (FXSs).
This article may require cleanup to meet Wikipedia's quality standards. The specific problem is: too many acronyms. (April 2021) |