Cross Currency Basis Swap

This is a Floating / Floating Different Currencies swap
This is used to hedge interest rate risk AND exchange rate risk
This swap exchanges Interest AND Principal

Also known as Currency Basis Swap or CCBS

Most of these are long-term between 1 and 30 years in maturity

This is an agreement in which one party borrows one currency from another party and exchanges it for the same value in a different currency