in a fixed - fixed currency swap who is considered the payer ?

CFA Level II Portfolio Management
#1

Hi all! I’m confused and hope you can help. just did a schweser question and realized that I’m confused about who we consider to be a payer in a fixed - fixed currency swap. As notional is exchanged in the beginning but also at the end who is considered for example in a EUR/ USD fixed-fixed currency swap to be the EUR payer. Is it the one paying the EUR in the beginning or repaying at the end ?

perhaps a stupid question but this session is so hard !

#2

The one who pays interest in EUR is the EUR payer; they pay EUR at the end.

#3

thanks !

#4

My pleasure.