An interest rate swap in which the floating rate is set in arrears. This means, the floating rate is determined...

An agreement that in advance sets the absolute swap rate level for a swap that starts on a future date....

The process of terminating a swap agreement by mutual consent of the parties at an early date before maturity. The...

A swap in which the payer of a given leg agrees to assign the other leg to a third party....

The credit which is granted to a specific firm by a financial institution for its own financing needs. The allocated...

An interest rate swap (IRS) in which the notional principal varies according to a specified schedule. This type of swap...

In its simplest form, swap hedging represents a mechanism by which the swap dealer takes an equal and offsetting Treasury...

The dollar duration of an interest rate swap is the difference between the dollar duration of the two bond positions...

A swap is a series of cash flows on two legs. At the trade date (which is assumed to be...

A basic or plain barrier option where an event takes place at the first touch of the pre-specified barrier. In...