Swap walutowo-odsetkowy (CIRS) – definicja, zasady wyceny, czynniki ryzyka, zastosowanie w Polsce
Cross currency interest rate swap – definition, pricing, risk factors and its application in Poland

Summary/Abstract: Cross currency interest rate swap (CIRS) is a useful tool for interest rate – and currency – risk hedging of bond/loans portfolios. It can be also used for foreign exchange speculation. The paper presents the structure of CIRS, pricing rules as well as risk factors associated with the swap. This is the only FX and interest rate based derivative in Poland with the growing turnover compared with the year 2007.

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