Hi Marie,
Thanks for the link.
Further, I have the following query:
I understand transaction type 300 - Payer is for - outgoing interest is variable and incoming interest is fixed and transaction type 301 - Recipient is for - outgoing interest is fixed and incoming interest is variable.
But when I try to create a cross-currency swap with transaction type 'Payer' or 'Recipient', i don't find any difference as the system allows me to enter any combination of interest rate type.
As per the concept, I understand that the system should not allow for variable interest rate for outgoing interest and fixed interest rate for incoming interest for transaction type 'Recipient'.
How to differentiate both scenarios? Is my understanding correct?
Thanks,
Vinod P