An index principal swap in which the floating rate leg is based on the treasury bill auction rate (usually the…
It stands for reverse indexed principal swap; a variant of interest rate swap which, contrary to indexed principal swaps, amortizes...
A variant of interest rate swap which, contrary to indexed principal swaps, amortizes as interest rates fall. In other words,...
An interest rate swap (specifically an amortizing fixed-for-floating rate swap) in which the fixed rate is set above the market...