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Currency Swap – Buryecs Co (Mar Jun 2017)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Currency Swap – Buryecs Co (Mar Jun 2017)

  • This topic has 3 replies, 2 voices, and was last updated 5 years ago by AvatarJohn Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • December 1, 2020 at 6:00 am #597228
    AvatarAnonymous
    Inactive
    • Topics: 22
    • Replies: 26
    • ☆

    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

    December 1, 2020 at 8:01 am #597246
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54836
    • ☆☆☆☆☆

    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%.

    December 1, 2020 at 11:20 am #597264
    AvatarAnonymous
    Inactive
    • Topics: 22
    • Replies: 26
    • ☆

    Thank you for the reply sir

    December 1, 2020 at 3:01 pm #597285
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54836
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Currency Swap – Buryecs Co (Mar Jun 2017)’ is closed to new replies.

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