currency swap

Definitions

Accounting

• noun an agreement to use a certain currency for payments under a contract in exchange for another currency (the two companies involved can each buy one of the currencies at a more favourable rate than the other)
• noun the buying or selling of a fixed amount of a foreign currency on the spot market, and the selling or buying of the same amount of the same currency on the forward market

Forex

• A loan transaction arrangement between two parties in which the principal and interest components of a loan based in one currency are exchanged of the same components of a loan based in another currency in order to secure more favorable terms for each of the borrowers.  A currency swap could involve the exchange of any combination of the principal and interest components.

Nearby Definitions of “currency swap”

• crystal
• cube
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Contexts for “currency swap”

3 definitions in context
• Accounting
• Forex