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SWAPS

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › SWAPS

  • This topic has 3 replies, 2 voices, and was last updated 2 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • May 7, 2023 at 8:59 pm #684026
    simranxdeep
    Participant
    • Topics: 39
    • Replies: 59
    • ☆☆

    What I understood from swaps is, the Currency Swaps & Interest Rate Swaps are more or less the same when it comes to answering them.
    We have to choose the cheaper swap combination and then divide the gain and bank fees in a pre agreed ratio.
    It’s just that we have to swap back the principal amount at the pre fixed rate. And the rest of the method of answering of both the SWAPS is pretty much the same.
    Am I right or am I missing something here?

    May 8, 2023 at 9:47 am #684050
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54765
    • ☆☆☆☆☆

    You are correct.

    The rate at which the principal is swapped back depends on what is agreed between the parties and in the exam you have to be told this.

    Have you watched my free lectures on swaps?

    May 8, 2023 at 11:05 am #684055
    simranxdeep
    Participant
    • Topics: 39
    • Replies: 59
    • ☆☆

    I have watched the Interest Rate Swaps, but wasn’t able to find the Currency Swaps lecture. Please confirm if you have covered that topic too so that I could look out for that again.
    Thanks a lot!

    May 8, 2023 at 3:40 pm #684070
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54765
    • ☆☆☆☆☆

    I mention currency swaps at the end of the chapter on interest rate swaps.

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘SWAPS’ is closed to new replies.

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