The floating rate payer, or a party to an interest rate swap who makes, to a fixed rate payer, variable (floating) interest rate payments based on a specified reference rate. The “party that is short the swap” also denotes the same meaning.
The floating rate payer, or a party to an interest rate swap who makes, to a fixed rate payer, variable (floating) interest rate payments based on a specified reference rate. The “party that is short the swap” also denotes the same meaning.
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