Este documento proporciona una introducción a los swaps, incluidos los cuatro tipos básicos de swaps (tasas de interés, divisas, materias primas y acciones), así como una explicación de cómo se forman los mercados de swaps y quiénes son los principales participantes. Explica los conceptos clave como los orígenes de los mercados de swaps, la estructura general de un swap, y los diferentes tipos específicos de swaps como los swaps de tasas de interés, divisas y materias primas.
Este documento explica qué es un swap de tasas de interés y un swap de divisas. Un swap de tasas de interés involucra el intercambio de pagos de intereses fijos y variables entre dos partes, permitiendo que una empresa transforme un préstamo de tasa fija a uno de tasa variable. Un swap de divisas implica el intercambio de pagos de intereses fijos sobre préstamos en divisas diferentes entre dos partes, con el fin de aprovechar oportunidades de arbitraje entre mercados.
This chapter discusses interest rate swaps and currency swaps. Interest rate swaps involve the exchange of interest rate payment obligations on a set notional principal between two counterparties, while currency swaps involve the exchange of principal and interest rate payment obligations in different currencies. The size of the global swap market is substantial, with over $127 trillion in notional principal outstanding for interest rate swaps and over $7 trillion for currency swaps as of mid-2004. The chapter covers the role of swap banks, how swaps are quoted in the market, the mechanics of interest rate and currency swaps, and risks involved in swap transactions.
A swap is an agreement between two counterparties to exchange cash flow streams, such as interest payments or currencies. The main types of swaps discussed are interest rate swaps, currency swaps, and forex swaps. An interest rate swap involves exchanging interest payments, such as a fixed rate for a floating rate. A currency swap exchanges principal and interest payments in different currencies. A forex swap is an agreement to buy one currency now and sell it back in the future at an agreed upon exchange rate.
Este documento proporciona una introducción a los swaps, incluidos los cuatro tipos básicos de swaps (tasas de interés, divisas, materias primas y acciones), así como una explicación de cómo se forman los mercados de swaps y quiénes son los principales participantes. Explica los conceptos clave como los orígenes de los mercados de swaps, la estructura general de un swap, y los diferentes tipos específicos de swaps como los swaps de tasas de interés, divisas y materias primas.
Este documento explica qué es un swap de tasas de interés y un swap de divisas. Un swap de tasas de interés involucra el intercambio de pagos de intereses fijos y variables entre dos partes, permitiendo que una empresa transforme un préstamo de tasa fija a uno de tasa variable. Un swap de divisas implica el intercambio de pagos de intereses fijos sobre préstamos en divisas diferentes entre dos partes, con el fin de aprovechar oportunidades de arbitraje entre mercados.
This chapter discusses interest rate swaps and currency swaps. Interest rate swaps involve the exchange of interest rate payment obligations on a set notional principal between two counterparties, while currency swaps involve the exchange of principal and interest rate payment obligations in different currencies. The size of the global swap market is substantial, with over $127 trillion in notional principal outstanding for interest rate swaps and over $7 trillion for currency swaps as of mid-2004. The chapter covers the role of swap banks, how swaps are quoted in the market, the mechanics of interest rate and currency swaps, and risks involved in swap transactions.
A swap is an agreement between two counterparties to exchange cash flow streams, such as interest payments or currencies. The main types of swaps discussed are interest rate swaps, currency swaps, and forex swaps. An interest rate swap involves exchanging interest payments, such as a fixed rate for a floating rate. A currency swap exchanges principal and interest payments in different currencies. A forex swap is an agreement to buy one currency now and sell it back in the future at an agreed upon exchange rate.