Mіzhnarodnі rozrahunki that valyutnі operatsії - Savluk M.І.

12.1.3. S swap dates valyutuvannya to spot (tom / next swap)

Swaps s dates valyutuvannya to spot kotiruyutsya analogіchno the standard swaps have viglyadі swap punktіv for vіdpovіdnih perіodіv (o / n (overnight), t / n (tom / next) that tod / spot (today / spot) ) at viglyadі premії abo discount:

tod / tom = 2,45 / 2,37 abo 0.12 / 0.15,

tom / next = 2/1 abo 1.12 / 1.27.

Іsnuє rule: in vipadku zrostannya zlіva right forward (swap) punktіv obmіnny course for pershoї lands Got swap Buti nizhchim, nіzh obmіnu foreign exchange rate for the Druha land; in razі znizhennya forward (swap) punktіv zlіva obmіnny right course for the sake of pershoї Got Booty vischim, nіzh for Druha.

Naybіlsh poshireny swap volume / NEXT, yaky vikoristovuєtsya in razі prolongatsії vіdkritoї pozitsії at spekulyativnіy torgіvlі minds on margin trading. When tsomu precisely the spot exchange rate for yak mozhna vikoristovuvati dati valyutuvannya (to spot) so i dati zakіnchennya for swap (bezposeredno on spotі). Bunt dwellers rіznitsya dvoh kursіv becomes the bag forward to punktіv vіdpovіdnogo perіodu, spot date at tsomu zavzhdi Je forward datoyu.

Butt. AAA Bank kotiruє swap tom / next for the GBP / USD: 0,38 / 0,48 ukladaє favor that type of swap buy / sell GBP, the spot rate at tsomu GBP / USD = 1,5923 / 28. Bank AAA market maker on forvardі vіn prodaє side of the base currency Zi offer 0,48. Spot Rate Mauger vikoristovuvatis EYAD ways:

a) AAA Bank ukladaє s sake datoyu valyutuvannya tom for spot rate 1.5923 and s sake datoyu valyutuvannya on spotі - the path of 1.592348 (1.5923 + 0.000048);

b) Bank AAA ukladaє s sake datoyu valyutuvannya tom over the course of 1.592252 (1.5923 - 0.000048), and s sake datoyu valyutuvannya on spotі - 1.5922.