Cross Currency Interest Rate Swap 

Purpose

The IDES AG agrees on an exchange of 20 million EUR against the respective amount in dollars of 21 million with a business partner (on the basis of a dollar rate of 1.05 DEM) as well as an exchange of the interest payables. As a result the enterprise wants to use financing advantages.

At first, you will enter the swap transaction in the IDES System as a contract. The settlement is processed in a second step.

You can find more information about this process under .

Process Flow

You can find the data for this process under .

  1. Creating Contracts
  2. Processing Transactions
  3. Interest Rate Adjustment
  4. Posting Transactions