Narrative
On 12 December, JPMorgan Chase Bank New York and Barclays Bank London enter into an ISDA cross currency swap agreement with each other.
The terms of the contract are:
JPMorgan Chase Bank pays the floating interests every 6 months, based on LIBOR, on 10,000,000 USD
Barclays pays the fixed interests on a yearly basis at 6 % on 1,000,000,000 JPY
with initial and final exchange of principals.
The swap is not compounded, not amortised, there are no stub periods, there is no averaging, the calculation dates are adjusted to the payment dates and the swap is included in the collateral agreement.
Message 1: SWIFT Message from JPMorgan Chase Bank, New York
 Explanation |
Format |
|---|---|
| Sender |
|
| Message Type |
|
| Receiver |
|
| Message Text |
|
| General Information |
|
| Sender's Reference |
|
| Type of Operation |
|
| Scope of Operation |
|
| Common Reference |
|
| Identification of the Swap |
|
| Contract Number Party A |
|
| Trade Date |
|
| Effective Date |
|
| Termination Date |
|
| Business Day Convention |
|
| Party B Currency, Notional Amount |
|
| Party A Currency, Notional Amount |
|
| Party A |
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| Party B |
|
| Type, Date, Version of the Agreement |
|
| Year of Definitions |
|
| Fixed Interests Payable by Party B |
|
| Number of Repetitions |
|
| Payment Date |
|
| Currency, Payment Amount |
|
| Payment Date |
|
| Currency, Payment Amount |
|
| Payment Date |
|
| Currency, Payment Amount |
|
| Payment Date |
|
| Currency, Payment Amount |
|
| Payment Date |
|
| Currency, Payment Amount |
|
| Business Day Convention |
|
| Number of Repetitions |
|
| Financial Centre |
|
| Financial Centre |
|
| Financial Centre |
|
| Payment Instructions for Interests Payable by Party B |
|
| Receiving Agent |
|
| Floating Interests Payable by Party A |
|
| Floating Rate Option |
|
| Reset Date Specification |
|
| Designated Maturity |
|
| Number of Repetitions |
|
| Payment Date |
|
| Payment Date |
|
| Payment Date |
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| Payment Date |
|
| Payment Date |
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| Payment Date |
|
| Payment Date |
|
| Payment Date |
|
| Payment Date |
|
| Payment Date |
|
| Period End Date Adjustment Indicator |
|
| Day Count Fraction |
|
| Business Day Convention |
|
| Number of Repetitions |
|
| Financial Centre |
|
| Financial Centre |
|
| Financial Centre |
|
| Payment Instructions for Interests Payable by Party A |
|
| Receiving Agent |
|
| Exchanges of Principal Payable by Party B |
|
| Number of Repetitions |
|
| Type of Exchange |
|
| Payment Date |
|
| Currency, Payment Amount |
|
| Receiving Agent |
|
| Type of Exchange |
|
| Payment Date |
|
| Currency, Payment Amount |
|
| Receiving Agent |
|
| Business Day Convention |
|
| Number of Repetitions |
|
| Financial Centre |
|
| Financial Centre |
|
| Financial Centre |
|
| Exchanges of Principal Payable by Party A |
|
| Number of Repetitions |
|
| Type of Exchange |
|
| Payment Date |
|
| Currency, Payment Amount |
|
| Receiving Agent |
|
| Type of Exchange |
|
| Payment Date |
|
| Currency, Payment Amount |
|
| Receiving Agent |
|
| Business Day Convention |
|
| Number of Repetitions |
|
| Financial Centre |
|
| Financial Centre |
|
| Financial Centre |
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| Optional General Information |
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| Contact Information |
/PHON/212-1234567 |
