An interest rate swap in which the fixed-rate payments are reduced over the term of the swap. It is a variant on an amortizing swap where the notional principal amount successively decreases according to a preset schedule.
August 20, 2024


An interest rate swap in which the fixed-rate payments are reduced over the term of the swap. It is a variant on an amortizing swap where the notional principal amount successively decreases according to a preset schedule.