Risk Management

Idiosyncratic Risk

March 25, 2022
Risk Management

Unsystematic Risk

March 25, 2022

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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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