Derivatives
Risky PVBP
November 11, 2020
Islamic Finance
Tamkin
November 12, 2020

The fixed rate payer, or a party to an interest rate swap who makes, to a floating rate payer, i.e., a swap seller, a series of fixed interest rate payments based on a specified reference rate. The buyer takes a long position in the swap as he/ she pays fixed and receives floating.

The “party that is long the swap” (long a swap) also denotes the same meaning.

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