Cross Currency Swap (XCS)

Plan your risk management in the long term with Interest Rate Swap!

With Destekbank Cross Currency Swap, you can control your budget as you wish without being affected by fluctuations in exchange rates.

A Cross Currency Swap is an over-the-counter derivative contract for the exchange of principal and interest payments between two currencies.

While the principal can be exchanged at the beginning or end of the maturity, the interest rate can be exchanged periodically.

Since Cross Currency Swap is a long-term transaction, it is made for maturities of 1 year and above.

Details

Flexible structure

Cross Currency Swaps are customizable and can include floating, fixed interest rates or both.

Manage your business

With a Cross Currency Swap, you can manage volatile conditions in the markets by fixing exchange rates and interest rates and take business decisions with certainty.

Manage currency risk

By keeping the exchange rate fixed at the beginning of the term, you can anticipate cash flows and adjust your budget accordingly.

Frequently Asked Questions

A cross currency swap is an over-the-counter (OTC) derivative in the form of an agreement between two parties to exchange interest payments and principal in two different currencies.

If an underlying interest rate obligation poses a risk to your firm, or if it is more advantageous to switch cash flows to a different currency, you can swap the entire cash flow, including the principal.

Yes, it is possible. In a cross currency swap, interest payments and principal in one currency are exchanged for principal and interest payments in a different currency. Interest payments are exchanged at fixed intervals over the term of the contract.

Principal can be exchanged only at the beginning of the term, only at the end of the term or both at the beginning and end of the term. Although less commonly used, there are also cross-currency swaps where only cash flows are exchanged between the two currencies with no exchange of principal.

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Cross Currency Swap (XCS)

Flexible structure

Manage your business

Manage currency risk

What is a cross currency swap?

Why do interest rate swaps?

Can interest rate swaps be done between different currencies?

How is the principal exchange done?

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Foreign exchange transactions

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