SWAPS The Fixed-for-Fixed Currency Swap
{"Image DocumentName": "SWAPS The Fixed-for-Fixed Currency Swap", "Image ImageDescription": "First review the short-term swap: the contract has zero initial value. The spot and forward contracts each have zero value because. the amounts are exchanged at the going spot and forward rate. Also in the mutual loan view, zero initial value holds. [example (Buba/BoE): 5% on GBP, 3% on USD, St=2.5]: PVUSD = = USD 100 ; and. PVGBP = = GBP 40, or USD 100.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}