A swap in which the frequency of reset and payment periods is unusual or non-standard. For example, a multi-rate reset swap could be an interest rate swap in which the floating rate payer pays one-month LIBOR on a monthly basis (rather than the usual 3-month or 6-month LIBOR).
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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