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
plain vanilla swap
Bermuda swaption
absolute rate
International Swaps and Derivatives Association (ISDA)
See All Related Terms »

incidence of tax
Gresham's law
direct debit
notional
European Currency Unit