The last interim (reset) period (stub period) in the life of a floating rate instrument such as interest rate swap or other periodic reset agreement (such as floating rate note) if that period is different (typically shorter) than preceding periods. For example, a two-month stub could be observed at the end of a semi-annually reset swap..
Derivatives
Derivatives have increasingly become very important tools in finance over the last three decades. Many different types of derivatives are now traded actively on ...
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