Chap10Crrency Interest Rate Swaps(国际财务管理,英文版).pptVIP

Chapter Outline Types of Swaps Size of the Swap Market The Swap Bank Interest Rate Swaps Currency Swaps Chapter 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 flows at periodic intervals. There are two types of interest rate swaps: Single currency interest rate swap “Plain vanilla” fixed-for-floating swaps are often just called interest rate