A structured swap which consists of a funding leg and a coupon payment stream, whereby the coupon payment made on a given date is...

Typically, an interest rate swap whose fixed rate payment substantially deviates from currently prevailing coupon rates on debt instruments with similar times...

A floating-for-floating swap whose first floating rate leg is derived from the returns on a basket of underlying assets, such as equities, commodities, bonds, or even swaps. The...

The basis point value (BPV) of a swap is the amount by which the swap's value changes in response to a change of one basis...

The fixed-rate of interest on the fixed-rate leg of an interest rate swap or a currency swap (or any similar structures). More specifically, swap...

The change in the dollar value of one basis point of a swap (swap DV01) in response to one basis point parallel shift in...

A covariance forward contract of two underlying prices/rates. This swap pays the excess of the realized covariance between two assets (such as currencies) over a constant...

A derivative that involves the exchange of a fixed rate of interest on a certain notional amount for a floating rate...

It stands for interst rate swap; an exchange of a fixed rate of interest on a certain notional amount for a floating rate...

An offsetting or opposing swap which is designed to close out the market exposure of an existing swap position. For example, a fixed-rate-paying party...