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Swap Seller

The floating rate payer, or a party to an interest rate swap who makes, to a fixed rate payer, variable...

Mirror Swap

An offsetting or opposing swap which is designed to close out the market exposure of an existing swap position. For...

Coupon

The amount of interest paid annually on a bond or note expressed as a percentage of its face or par...

Floating-Rate Payer

A party to an interest rate swap who makes, to a fixed rate payer, variable (floating) interest rate payments based...

Fixed-Rate Payer

A party to an interest rate swap in which payment is based on a swap rate or the coupon rate...