Instrument Item: Circus Swap
Generated on 2014/06/19 at 04:58:08 AM
Instrument Item: Circus Swap
| Acronym or Abbreviation | ||||
| Alias or Synonym | cross-currency swap, currency coupon swap | |||
| Key Words | ||||
| Description (HTML) | A combination of an interest rate swap and a currency swap in which a fixed-rate loan in one currency is swapped for a floating-rate loan in another currency. A circus swap therefore converts not just the basis of the interest rate liability, but also the currency of this liability. The floating rate in a circus swap is generally indexed to U.S. dollar LIBOR. The term is derived from the acronym CIRCUS, which stands for Combined Interest Rate and Currency Swap. | |||
| Source Description | Investopedia | |||
| Source URL | http://www.investopedia.com/terms/c/circusswap.asp | |||
| Document | No document attached... | |||
| Lifecycle - Exist Start Date | UNKNOWN | |||
| Lifecycle - Exist End Date | UNKNOWN | |||
| Item Quality Status (Item Quality Status) | ||||
| Updated by | webea.09 | |||
| Updated on | 2014-04-08-14.50.23.224000 | |||
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