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A Combined Position of Selling One Currency Forward at One

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A combined position of selling one currency forward at one maturity while buying the same currency forward at a different maturity to lock in a future interest rate in the foreign currency is a/an


Definitions:

Statement of Financial Position

A financial statement that details a company's assets, liabilities, and shareholders' equity at a specific point in time.

Cash Basis

An accounting method where revenues and expenses are recognized when cash is received or paid, as opposed to when they are incurred.

Statement of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations and external investment sources.

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