Currency swap, Financial Management

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How exchange of principal and interest in one currency?

Expalin


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Sherly

2/14/2013 12:48:22 AM

Definition of ''Currency Swap'':

A swap that adds the exchange of principal and interest in one currency for the similar as another currency. It is supposed to be a foreign exchange transaction and is not needed by law to be shown on a company''s balance sheet.

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