Cross-currency swaps: an in-depth guide

Cross-currency swaps are growing increasingly common within corporate debt capital structures. As you assess whether this complex derivative fits your organization's profile, you may consider factors ranging from trade structuring to accounting treatment.

In this document, we build a foundation of:

• Defining the product
• Detailing its various use cases
• Providing an overview of hedge accounting strategies

From there, we address other detailed and nuanced elements of cross-currency swaps, including:

• How they are priced and valued
• Considerations surrounding a final exchange of principal, including the accounting implications.