Accounting
Puttable Instrument
February 23, 2021
Accounting
Puttable Financial Instrument
February 23, 2021

The first 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 following periods. For example, a two-month stub could be observed at the start of a semi-annually reset swap, i.e. between the value date and the first payment date.

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