Business, Legal & Accounting Glossary
A type of currency swap that involves counterparties in separate countries contractually agreeing to meet each other’s loan obligations in their respective nations. International companies that enter into such agreements essentially gain the other party’s comparative advantage for loans in each country’s home currency. Both companies benefit from the agreement, often with lower interest and/or principle payments.
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Definitions for Fixed-for-fixed Swaps are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.