Exchange Agent Agreementhas the meaning set forth in Section 2.5(a). Acquisition Agreementshas the meaning specified in the Recitals. Interest Rate Hedge Agreementany interest rate swap agreement, interest rate cap, collar or other arrangement between the Borrower and a Hedge Provider, consisting of...
Currency Swap Agreementmeans any currency swap agreement, including all schedules and confirmations thereto, entered into by the Issuer and the Currency Swap Counterparty, as the same may be amended, supplemented, renewed, extended or replaced from time to time. ...
For China, a bilateral currency swap agreement with the Federal Reserve would instill considerable investor confidence, meaning fewer worries about rapid capital outflows that could destabilize the yuan exchange rate and lead to a collapse in its value. Such stability would allow China to open up...
Advantages of the Currency Swap Rather than borrowing real at 10%, Company A will have to satisfy the 5% interest rate payments incurred by Company B under its agreement with the Brazilian banks. Company A has effectively managed to replace a 10% loan with a 5% loan. Similarly, Company B ...
Conversely,currency swapsare aforeign exchangeagreement between two parties to exchange cash flow streams in one currency to another. While currency swaps involve two currencies, interest rate swaps only deal with one currency. For example, assume bank XYZ operates in the United States and dea...
Cross-currency swaps all start with a swap contract. Theswap contractestablishes the agreement between the two counterparties; it includes the initial principal exchange, interest payments, and the final principal exchange. The initial principal exchange is the initial amount that each of the parties ...
双语金融术语:Swap(掉期合约) David Wang: A swap is an agreement between two parties to exchange sequences of cash flows for a set period of time. Usually, at the time the contract is initiated, at least one of these series of cash flo... ...
What is an agreement to trade currencies based on today's exchange rate, with the trade being settled within two business days called? Why do you think closed-end country funds often trade at a premium or discount? How are national exchanges around the world linked,...
For example, the United States displayed a preference for ad hoc international coordination, such as the Plaza Agreement in 1985 and the Louvre Accord in 1987, to intervene and manage the price of the dollar. Europe responded by forging ahead with a regional monetary union based on the desire...
In 1974, however, the United States and Saudi Arabia reached an agreement, and from there, the world was set on the petrodollar system; a clever way to make a global fiat currency system work decently enough. We think of this as normal now, but this five decade period of global fiat ...