What Is an FX Swap? How Can It Help an Australian

question 21

Essay

What is an FX swap? How can it help an Australian borrower of USD funds avoid FX risk?

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Definitions:

Detrusor Muscle

A smooth muscle that contracts to push urine from the bladder into the urethra.

Loop of Henle

A long, U-shaped portion of the tubule that conducts urine within each nephron of the kidney. It plays an important role in concentrating urine and recovering water and ions from the urine.

Proximal

Anatomical term meaning closer to a point of attachment or closer to the trunk of the body.