Investopedia

Circus Swap

Dictionary Says

Definition of 'Circus Swap'

A swap with the features of both a currency swap and an interest rate swap.

Also known as "cross-currency swap" or "currency coupon swap".
Investopedia Says

Investopedia explains 'Circus Swap'

In circus swaps, loans in one currency with a fixed rate would be swapped for a floating rate loan in the other currency.

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