Find the upcoming payment interest payments?

In a currency swap in which party A pays Euros at a fixed rate of 7 percent on notional amount of $50 million Euros and party B pays US dollars at a fixed rate of 6 percent on notional amount of 61.5 million.

Payments are annual under the assumption of 360 days in a year, and there is no netting.

Answer rating: 100% (QA)

To find the upcoming interest payments for each party in the currency ... View the full answer