English version

currency swap

From Longman Business Dictionarycurrency swapˈcurrency ˌswapFINANCE an exchange of the interest payments when two lenders have made loans in different currencies with the same interest rate. This happens so that each lender receives the interest in the currency of the other loanInterest-rate swaps, currency swaps and other instruments known as derivatives allow corporate clients to protect themselves against financial risks. swap
Pictures of the day
Do you know what each of these is called?
Click on the pictures to check.