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Turbo Cross-Currency Swap

A cross-currency swap that provides no protection in terms of the final exchange notional amount. It allows the swap buyer...

Deferred Swap

An interest rate swap or a cross-currency swap in which payments are put off for a specified time in the...

Forward Swap Agreement

An agreement between two parties to exchange interest rates, asset performances or prices or almost any economic values on a...

NDS

It stands for non-deliverable swap; a synthetic derivative which is mainly used to replicate the net cash flows of a...

Non-Deliverable Swap

A synthetic derivative which is mainly used to replicate the net cash flows of a currency coupon swap or cross-currency...

Power Reverse Dual Currency Swap

An exotic cross-currency swap whose maturity is typically long-dated, up to 30 years, while its coupons are options on the...

PRDC Swap

It stands for power reverse dual currency swap, which is an exotic cross-currency swap whose maturity is typically long-dated, up...

X-CRIBS

An acronym for cross-currency cross-index basis swap; A cross-currency swap in which one party pays a floating rate (LIBOR) denominated...

Extendable Swap

A swap in which an extension option is embedded. This means, one party (typically the fixed-rate payer) has the option to extend or prolong the...

Extension Swap

A swap (interest rate swap, cross-currency swap) which initiates or kicks in at a forward start date which coincides with the date at...