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Cross-currency coupon swap
A cross-currency swap whose financial flows are calculated in their respective currencies for each leg, on the basis of an agreed fixed rate for one, and a floating rate index for the other.
A cross-currency coupon swap is essentially a combination of a foreign exchange swap and a plain vanilla interest rate swap (coupon swap).
Translations
Synonyms and variations
- Currency coupon swap
- Fixed-floating currency swap
- Fixed-floating swap 2.
- Fixed-to-floating currency swap