Banking
Cross-Currency Swap — Fair Value (Cash Flow Hedge)
Revaluing a USD/JOD cross-currency swap used to hedge foreign currency bond issuance.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Derivative Asset (CCS) | Asset (+) | 85,000.00 | - |
| FX Hedge Reserve (OCI — Cash Flow Hedge) | Equity (+) | - | 85,000.00 |
💡 Accountant's Note
Cross-currency swaps are used when banks issue foreign currency bonds. As an effective cash flow hedge, the fair value gain goes to OCI and is recycled to P&L when the hedged cash flows (coupon payments) occur.
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