第14章必讲利玉率互换与货币互换.pptVIP

Chapter Outline Types of Swaps Size of the Swap Market The Swap Bank Swap Market Quotations Interest Rate Swaps Currency Swaps Variations of Basic Interest Rate and Currency Swaps Risks of Interest Rate and Currency Swaps Is the Swap Market Efficient? Definitions In a swap, two counterparties agree to a contractual arrangement wherein they agree to exchange cash flows at periodic [?pi?ri??dik] intervals（以周期性的间隔）. There are two types of interest rate swaps: Single currency interest rate swap fixed-for-floating swaps are often just called interest rate swaps. Cross-Currency interest rate swap Th