BAP launches Dollar-Peso cross-currency swap market to better manage forex, interest rate risks
In pursuit of its commitment to market development, the Bankers Association of the Philippines (BAP) recently launched the dollar-peso cross-currency swap (USDPHP CCS) market. IMAGE CREDIT: www.ecomparemo.com The Dollar-Peso cross-currency swaps involve a Philippines peso fixed rate and a US dollar floating swap, with standard tenors of 1, 2, 3, 4, 7, and 10 years. It […]