A steepener where interest only accrues on days when the spread between two swap rates falls or remains within a specified range. Otherwise, no interest will accrue, and the holder will not receive any interest payments.
October 31, 2023

Reversed Conversion
August 16, 2022
Difference Between Credit Risk and Counterparty Credit Risk
August 17, 2022
A steepener where interest only accrues on days when the spread between two swap rates falls or remains within a specified range. Otherwise, no interest will accrue, and the holder will not receive any interest payments.