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A New Zealand company has NZD$1.5 million in a company bank account in New Zealand and has a requirement to fund AUD$1 million for its operations in Australia over the next three month period. In the example above, where the company has swapped NZD for AUD for a 3 month period. The company enters into a FX Swap selling its New Zealand dollars (NZD) and receiving Australian dollars (AUD) and vice versa in 3 months time.

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