HSBC recently arranged a three year swap between Oman Oil and Aramco. Oman oil needs US dollar floating rate funds, and Aramco needs US dollar fixed rate funds. The rates at which they can get the...

HSBC recently arranged a three year swap between Oman Oil and Aramco. Oman oil needs US dollar floating rate<br>funds, and Aramco needs US dollar fixed rate funds.<br>The rates at which they can get the required funds in their respective markets are shown in the following table<br>Floating Rate Funds<br>Fixed Rate Funds.<br>Oman Oil<br>LIBOR+ 4%<br>11%<br>Aramco<br>LIBOR+ 1%<br>10%<br>ARRANGE A SWAP<br>(you can eitherexplain or drawa diagram)<br>

Extracted text: HSBC recently arranged a three year swap between Oman Oil and Aramco. Oman oil needs US dollar floating rate funds, and Aramco needs US dollar fixed rate funds. The rates at which they can get the required funds in their respective markets are shown in the following table Floating Rate Funds Fixed Rate Funds. Oman Oil LIBOR+ 4% 11% Aramco LIBOR+ 1% 10% ARRANGE A SWAP (you can eitherexplain or drawa diagram)

Jun 11, 2022

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HSBC recently arranged a three year swap between Oman Oil and Aramco. Oman oil needs US dollar floating rate funds, and Aramco needs US dollar fixed rate funds. The rates at which they can get the...

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