Accounting

Difference Between Disclosing Entity and Reporting Entity

June 8, 2022
Derivatives

Swap Buy-Back

June 8, 2022

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A swap in which the payer of a given leg agrees to assign the other leg to a third party. As such, the payer of the other leg steps out of the deal, receiving or paying the net amount of the new transaction. Swap sales are unwinds done with a third party (usually a bank or financial institution) which steps into the shoes of one of the swap’s counterparties.

It is also called a swap assignment.

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