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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Currency Swap – Buryecs Co (Mar Jun 2017)
Hello Sir,
I would like to know what will be the percentage of interest payable by the counterparty and receivable by the Buryecs Co under question b(i).
Thanks in advance
Buryecs will receive bank rate from the counterparty, and will pay 4.6% to the counterparty.
As a result, Buryecs will end up paying a net amount of bank rate – 0.6%.
Thank you for the reply sir
You are welcome 🙂