Cross Currency Interest Rate Swap

This Issue in United States

Cross Currency interest rate swap

Concept of Cross Currency interest rate swap in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): An interest rate swap (i.e. an agreement to exchange interest rate cash flows) where the interest payments are in two different currencies and the exchange rate, for the final exchange of notional, is agreed at the outset of the transaction.

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See Also

• Derivatives Contract