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Міжнародні розрахунки та валюні операції - Savluk M.І.

Rozdil 12. SHOCK

Після вивчення цього розділу ви зможете

• Z'yasuvati, scho takeh kvalutnya svapi ta yakih tsilly poya vikoryostvuyutsya;
• Зрозуміти механізм здійснення валюних свопів;
• Laying down swap lands;
• Quotation of land swap;
• Vipisuvati tiketi for the sake of swap;
• Z'yasuvati, scho takke interestnі swap rinku kapitalyv ta yakih tsіley stony zdіysnayutsya;
• Зрозуміти механізм здійснення проценних свопів;
• Rozrauvati parties quoted base interest rate swap;
• Explain, that's how currency swaps, what kind of stinks buivayut ta for yakih tsіley zdіysnichutsya.

12.1. Swap the conversion of transactions

12.1.1. Поняття валюних свопів та їх класифікація

Currency swap - tse obmin flows of two currencies for the first period at the Maybutnom territory of the lands. Currency swaps are to be added to swaps with fxax rates and swaps with floating rates (interest swaps):

• Swap in with fictional rates, but it is a combination of conversions with different dates of currency swapping (currency swap.) Pursuing a foreclosure on the forex market). Ці swap will be detailed in detail;
• Swap with floating interest rates (interest rate swap interest rates), which is an exchange of assets with subscriptions (single-currency vouchers in different currencies). Peppers are very important to vikoristovuytsya to the market kapitalov.

Swap in the fx currency rates can be stored in two ways:

• Yak kombinatsya dvoh protilezhnih konversynyh ugod on odkovov sumu z riznimi dates currency exchange;
• Yak dvі зustrічні депозитні угоди на еквівалентні суми валют.

Swap z'yavilsya zovsim recently and for a decade of rock music became one of the main zakobiv, vikoristivanivanyh organizatsiyami for management of assets zozobyazannami. Rinok swap in the 60-ti rockies, if vartivost інвестиційних премій, introduction by the bodies, which control the birzhov diyalnіst in the UK, obmelili mozhnostyі british kompanіy іnvestuvati koshti abroad. Compensation poses vikili yak method, how to let zmomati tsi obmezhennia. The British company posed pound sterling in the British business of the American companies, and the American company, with its chervoo, posed the US dollar for the United Kingdom of Great Britain and Northern Ireland, and х на на на на.

Розглянемо валюні swap yak zagodi z dyuma convertible lands. The operation of swap is used by dealers to create a yak for one, but also for the implementation of the two-step conversion operations. Date vikonannya muzhchina konveresynoi nazivayutsya datoyu currency, and the date vikonannya bіlsh vіddalenoyї for the term of the land - the date of the loan swap (maturity date).

Currency swap for the klikkom signs:

1. For terms:

• Forgive the swap (standard) - the first conversion is to settle on the spot, and the operation is on the forward (for example, swap type spot / week, spot / month, etc.);
• Swap forward / forward - Persha konversiyna please lined up on the forts forward, and zustrichna operatsiya - tez on the impulse forward, ale on bilsh trivaliv termin;
• Swap із dates currency exchange to spot - перша конверсійна урадається з датою валютування до спота, а зустрічна операція - на мовы спот (swap to the type tom / next, tod / next, tod / spot (tod / next) / Spot)).

2. Behind the type of storage:

• Swap type buy / sell (b / s) - yakschoo in the first conversion of the currency to buy, and in the operations - sell,
• Swap to sell / buy (s / b) - yakshchoo in the first conversion of the currency to sell, and in the back-end operation - to buy.