A swap that has its two legs denominated in two currencies, where the leg pair falls into one of four possibilities: fixed/ fixed, fixed/ floating, floating/ fixed, floating/ floating. In this sense, the general cross currency swap combines both a cross-currency swap and a same-currency fixed/ floating or floating/ fixed swap.
Derivatives
Derivatives have increasingly become very important tools in finance over the last three decades. Many different types of derivatives are now traded actively on ...
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