Risk Management
Idiosyncratic Risk
March 25, 2022
Risk Management
Unsystematic Risk
March 25, 2022

An inflation-indexed swap where the fixed rate payments are made on an annual basis. That is, an interest rate swap where one party receives floating interest payments and the other receives fixed real interest rate in addition to actual inflation rate.

It is also referred to as an annual swap, or YY swap.

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