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Chapter 8

R

Robert

Very Active Member
page 13
Can you explain on 3.3 currency swap on the line no 6 why does the meaning of the alternatively......that line? why that could be an alternative way ?
 
A currency swap is an agreement to exchange an agree series of interest payments and a capital sum in one currency for an agreed series of interest payments and a capital sum in another currency.

I'd say that the alternatives described are trying to say that the nature of the 'agreed interest payments' can be different in different swaps. Sometimes the interest rate will be the same throughout the life of the swap. Alternatively it might vary.
 
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