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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 IRS

An interest rate swap (IRS) whose maturity doesn’t exceed 2 years. A short-term interest rate swaps (STIRS) involves the settlement…

Setup Swap

An interest rate swap in which the principal increases according to a predetermined schedule. This type of swap might be…

Relinking

The action which an investor takes by entering into an interest rate swap in order to offset an exposure to…

Swap Transferring Risk with Participating Element

A hedging tool that combines an interest rate swap with a participating cap or a participating floor. This structure provides both…

Staged Drawdown Swap

An interest rate swap whereby the notional principal amount grows over its time to expiration. Such a swap is particularly…

UDI Swap

An interest rate swap in which one leg is a fixed rate referenced to the UDI index (or the Unidades…

CMO Swap

It stands for collateralized mortgage obligation swap. An interest rate swap (specifically an index amortizing swap) in which the amortization of…

STIR Swap

An acronym for short-term interest rate swap. By definition, it is an interest rate swap (IRS) whose maturity doesn't exceed...

Cap Floater Swap

An interest rate swap in which both legs are based on floating rates. One leg is capped, that is, the…