interest rate swap
A contract to change the cash flows resulting from an investment from fixed rate to floating rate or from floating to fixed without exchanging the principle amount. A currency interest rate swap would involve exchanging the investment cash flows from one currency into another.
Browse by Subjects
absolute rate
Bermuda swaption
plain vanilla swap
International Swaps and Derivatives Association (ISDA)
See All Related Terms »

Association of Chartered Certified Accountants
Up-and-out barrier option
Post Execution Reporting System (PERS)
ease
forfaiting