Talk:Basis swap

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If a "basis swap is an interest rate swap which involving exchange of two floating rate financial instruments denominated in the same currency" then what is one where they are denominated in different currencies called?.

Can we please have a section on why one would use a basis swap, i.e. what purpose it has? -- Anon —Preceding unsigned comment added by 147.114.226.173 (talk) 07:54, 16 April 2008 (UTC)