投资组合 Swap.pptVIP

Currency Interest Rate Swaps This chapter discusses currency and interest rate swaps, which are relatively new instruments for hedging long-term interest rate risk and foreign exchange risk. Outline Types of Swaps Size of the Swap Market The Swap Bank Interest Rate Swaps Currency Swaps Outline (continued) Swap Market Quotations Variations of Basic Currency and Interest Rate Swaps Risks of Interest Rate and Currency Swaps Swap Market Efficiency Concluding Points About Swaps Definitions In a swap, two counterparties agree to a contractual arrangement wherein they agree to exchange cash flo