Explain a "diff swap" as it relates to currency swaps
What will be an ideal response?
In a diff swap the settlement payments are based on the difference in floating interest rates in two different countries, with the notational amount being a constant in a single currency.
You might also like to view...
Jack and Jill decided to pool their money and start a water delivery business. Since they trust each other so much, they did not draw up any legal documents for the business. During the first year of business, they earned $50,000 which was net of $10,000 paid to Jill as a guaranteed payment. During the second year of business, they decided to limit their liability exposure by forming an LLC
a. Was a partnership formed during the first year? b. If a partnership was formed, how much income will be taxed at the partnership level? c. For the second year, do they need to file a partnership tax return?
Which of the following is true of national unions?
a. They take an active role in organizing new locals. b. They are responsible for dissolving craft unions. c. They are primarily responsible for negotiating local contracts. d. The AFL-CIO is the largest national union in the world.