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Floating Rate

A variable interest rate on one or two legs of a swap. This rate changes or floats every time the...

Back Set Swap

An interest rate swap in which the floating rate is set in arrears. This means, the floating rate is determined…

Back-End Set Swap

An interest rate swap in which the floating rate is set in arrears. This means, the floating rate is determined…

CRIBS

It stands for cross index basis swap; a swap to whose underlying interest rate index (usually LIBOR) the so-called quantization…

CRIB Swap

It stands for cross index basis swap; a swap to whose underlying interest rate index (usually LIBOR) the so-called quantization…

Nearly-Perfect Swap

An interest rate swap in which a fixed rate is exchanged into a low, off-market floating rate linked to a…

Short Term Interest Rate Futures

An interest rate futures contract in which the underlying is typically the three-month interest rate on a floating rate such as LIBOR, EURIBOR, etc. Some firms…

Floating Rate CD

A certificate of deposit (CD) that pays a floating interest rate. In other words, the rate is afloat, adjusting upward...

Floating Rate Security

A financial security whose coupon rate is not fixed over its life. The coupon payments reset periodically according to a...

Floating Rate Convertible Bond

A convertible bond in which the conversion price is not predetermined but is kept floating. This bond converts into the...