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CUPS

It stands for currency-protected swap. A cross currency basis swap which doesn’t involve currency conversion. For example, assume short-term interest…

Currency-Protected Swap

A cross currency basis swap which doesn’t involve currency conversion. For example, assume short-term interest rates in Japan are very…

Relative Performance Swap

An equity swap in which one leg is the performance of an equity index and the other leg is the...

CCBS

It stands for cross-currency basis swap; a floating-for-floating swap that involves exchanging two streams of interest payments each denominated in...

Cross-Currency Basis Swap

A floating-for-floating swap that involves exchanging two streams of interest payments each denominated in a different currency. In other words,...

Floating for Floating Swap

A swap which is based on two floating rates of the same currency but with different tenors (e.g., a 6-month...

Tax-Exempt Swap

An interest rate swap in which one/ both of its legs is/ are based on the yields of a tax-exempt...

Bear Swap

An amortizing swap in which the notional principal amortizes at a faster pace as interest rates increase. This type of...

Basis Swap

An interest rate swap in which two floating rate instruments are exchanged. In other words, the two streams of floating...

OTC Spread Swap

A cash-settled swap which is based on the price differential between two over-the-counter commodities (for example, crude oil and gasoline....