Euribor and Foreign exchange swap: Difference between pages

Revision as of 13:44, 27 August 2013

A transaction which solely involves:

(A) An exchange of two different currencies

on a specific date
at a fixed foreign exchange rate which is pre-agreed at the outset of the contract; and

(B) A reverse exchange of the same two currencies

on a later pre-specified date
at a fixed exchange rate which is usually different and which is also pre-agreed at the outset of the contract.

The uses of foreign exchange swap contracts include the transformation of short term borrowings or deposits from one currency into another.

Not to be confused with a Swap, which is different.

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-(Euro Interbank Offered Rate).
+A transaction which solely involves:
-Sponsored by the European Banking Federation (EBF), now known as the European Money Markets Institute (EMMI)[https://www.emmi-benchmarks.eu/],  EURIBOR® is a formal benchmark or reference interest rate launched in 1998.
+(A) An exchange of two different currencies
+#on a specific date
+#at a fixed foreign exchange rate which is pre-agreed at the outset of the contract; and
-Also written '[[EURIBOR]]' - and a longer Wiki entry is under that form.
+(B) A reverse exchange of the same two currencies
+#on a later pre-specified date
+#at a fixed exchange rate which is usually different and which is also pre-agreed at the outset of the contract.
+The uses of foreign exchange swap contracts include the transformation of short term borrowings or deposits from one currency into another.
+Not to be confused with a [[Swap]], which is different.
 == See also ==
-* [[EURIBOR]]
+* [[Foreign exchange]]
-* [[LIBOR]]
+* [[Swap]]
-* [[TIBOR]]
+[[Category:Manage_risks]]