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Dapper425

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tT
发表于 2011-7-11 20:06 | 只看该作者

Currecy Swap and NP

another, create, currency, principal, exchange
1. In a currency swap, you don't have to exchange notional principal. --- True or False?

2. When do you want to exchange notional principals in a currency swap?

3. How do you create a dual-currency bond(to pay coupon in one currency and pay principal in another currency)?

 

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Unforseen

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2#
发表于 2011-7-11 20:06 | 只看该作者
1. False
2. Initially and Finally
3. Enter TWO currency swaps and net them? never heard of this one

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thommo77

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3#
发表于 2011-7-11 20:06 | 只看该作者
1 true you can just swap payments
2 begin and end
3issue a bond with principal and coupon in BRL and then enter a pay brl fixed receive USD currency swap



Edited 1 time(s). Last edit at Saturday, May 28, 2011 at 04:06PM by pimpineasy.

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mik82

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4#
发表于 2011-7-11 20:06 | 只看该作者
pimpin : swap payments in which currency of the two? toss a coin to decide?

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Analti_Calte

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5#
发表于 2011-7-11 20:06 | 只看该作者
True
When you need the principal in that currency (and entering swap to gain interest rate advantage)? kinda not sure what is being asked here.
Issue bond in one currency and then swap payments where fixed receipt is in original bond currency and pay alternate

man i am bad at this stuff

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Analyze_This

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6#
发表于 2011-7-11 20:06 | 只看该作者
w currency swaps there is always an exchange of NPs at the start and at the end
dual currency bond is when you get better interest in your home country, but want to make the payments in a foreign currency
i think you'd want to do this if you wanted to finance a project abroad

you exchange NPs at the start, then make the payments in FC, and when you swap NPs at the end, you get back the principal which you use to make the final payment on the bond

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