6 You are a dealer and quote a customer 56/61 for a EUR/GBP 6-month swap (182 days)....
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6 You are a dealer and quote a customer 56/61 for a EUR/GBP 6-month swap (182 days). The customer buys and sells GBP 10 million and you base the spot on 0.6215.
You immediately ask another bank for a 6-month price because you wish to cover this position. You deal on the price quoted to you of 58/62 and you base the spot on 0.6205.
What is your resulting profit or loss? Euro interest rates are 4% and sterling interest rates are 6%.
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Related Book For 
Foreign Exchange And Money Markets Theory Practice And Risk Management
ISBN: 9780750650250
1st Edition
Authors: Bob Steiner
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