Question

Think of a financial transaction scenario whereby Equity bank enters into a financial contract with Bank of Kigali. Equity bank agrees to an agreed fixed interest rate to the Bank of Kigali.
Bank of Kigali agrees to repay the floating Ribor(Rwanda interbank offered rate) rate to Equity bank. How much will Equity bank pays to Bank of Kigali and vice-versa?

Answer 1

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