A swap whereby two counterparties agree to exchange interest payments based on two interest rates and denominated in two different currencies for a predetermined period of time. One leg of the swap is calculated using a fixed rate denominated in one currency while the other is computed based on a floating rate denominated in another. Also, a floating rate could be exchanged for another floating rate, each denominated in a different currency.
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Comments