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are transactions involving the actual exchange of two currencies (principal amount, that is, the position size) on a specific date at a rate agreed at the time of the contract (the short leg), and a reverse exchange of the same two currencies at a date further in the future at a rate (generally different from the rate applied to the short leg) agreed at the time of the contract (the long leg). a) Cocos (Contingent convertibles) b) Interest rate swaps c) Interest rate swaps d) Foreign exchange swaps