Swap agreements

How does a forward contract for currency exchange differs from swap agreement of currency exchange?

Two clients of Barclays bank are offered the following fixed and floating rates for their borrowing per annum on a nominal denomination of £100 Million. Fixed Rate (for 5 years) Floating rate Client A 7% LIBOR Plus 0.5% Client B 11% Libor Plus 0.9% You are required to: i. Design a swap agreement that will […]

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