Description

Develop an understanding of the mechanics of FX and cross currency swaps, how they are applied by market participants, and why the FX and cross currency basis exists.

Learning Objectives

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1. Identify the key terminology, cash flow mechanics, and conventions of FX swaps.
2. Recall the FX basis and risk exposures in FX swaps.
3. Identify the mechanics of cross-currency swaps and the cross-currency basis.
4. Use FX and cross-currency swaps effectively in various financial contexts.