An agreement to swap the currencies of a debt service obligation would be termed a/an:

Question

Quizplus · Accepted Answer

A currency swap is an agreement between two parties to exchange a series of future cash flows in different currencies, usually to manage currency or interest rate risks. In the context of debt service obligations, a currency swap can help borrowers manage their cash flows by swapping the currencies in which they have to make debt payments. This can be useful in cases where the borrower has income streams in a different currency or wants to take advantage of favorable exchange rate movements. The other options, forward swap and interest rate swap, do not accurately describe this scenario.

An Agreement to Swap the Currencies of a Debt Service