Bank for International Settlements and Currency swap: Difference between pages

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(BIS). 
A derivative contract to exchange any type of ongoing payments which give rise to a foreign currency exposure.
 
For example, a cross-currency interest rate swap.
An international organisation fostering international monetary and financial cooperation, the BIS serves as a bank for central banks and also hosts a number of international organisations.
 
Customers are exclusively central banks and international organisations.
 
The BIS was established by agreement between the parties (plus Switzerland) to arrangements after World War I for payment of reparations by Germany to the principal allied victors. Its mandate and membership was extended and it is now a principal hub of cooperation between central banks and non-central-bank bank supervisors generally.
 
 
The BIS has 60 central banks as its members.
 
 
The BIS hosts a number of other bodies including the:
*Basel Committee on Banking Supervision;
*Financial Stability Board;
*International Association of Insurance Supervisors (IAIS); and
*International Association of Deposit Insurers.
 
 
The BIS is headquartered in Basel, Switzerland.
 


== See also ==
== See also ==
* [[Bank of England]]
* [[Cross-currency interest rate swap]]
* [[Bank supervision]]
* [[Notional amount]]
* [[Basel Committee on Banking Supervision]]
* [[Board of Governors of the Federal Reserve System]]
* [[Central bank]]
* [[European Central Bank]]
* [[Financial Stability Board]]
* [[FX Global Code]]
* [[IAIS]]
* [[International Association of Deposit Insurers]]
* [[Markets Committee]]


[[Category:Long_term_funding]]

Revision as of 14:19, 23 October 2012

A derivative contract to exchange any type of ongoing payments which give rise to a foreign currency exposure. For example, a cross-currency interest rate swap.

See also