Inside the Currency Market: Mechanics, Valuation, and Strategies

Conclusion

This chapter focused on the various types of swaps. It began with currency swaps, cross currency swaps, and basis swaps and examples were provided, as well as types of traders that would employ each type. Swaps comprise many types, such as OIS swaps, and connect to other revenue sources. All types were provided by explanation and example, as well as types of markets that employed these instruments. Forward points and outright forwards were highlighted and explained and examples provided for each instrument.