Foreign Exchange Swap Law and Legal Definition
The term "foreign exchange swap" means a transaction that solely involves:
a. an exchange of two different currencies on a specific date at a fixed rate that is agreed upon on the inception of the contract covering the exchange; and
b. a reverse exchange of the two currencies at a later date and at a fixed rate that is agreed upon on the inception of the contract covering the exchange. [7 USCS § 1a].
Legal Definition list
Related Legal Terms
- 1031 Exchange
- Acceptance of Bill of Exchange
- Adoption Record [Foreign Relations]
- Adoption Service [Foreign Relations]
- Affect Interstate And Foreign Commerce
- Agency or Instrumentality of a Foreign State
- Agent of a Foreign Power
- Agent of a Foreign Principal
- American Foreign Policy Council [AFPC]
- American Stock Exchange AMEX
