In common practice, no up-front fees are paid to enter a swap agreement. However, in the early days of swaps,…

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

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

An interest rate floor in which the successive floorlets cover decreasing notional principal amounts. In other words, the notional principal…

A structured swap in which the swap counterparty agrees to adjust the notional principal amount in a fashion that matches…

The face value of a swap is its notional principal amount; it is the nominal value that is used as...

The face value of a swap is its notional principal amount; it is the nominal value that is used as...

An interest rate swap (IRS) in which the fixed-rate payments are increased over the term of the swap and up...

A process of terminating a swap by marking it to market and calculating its value in order to determine which...

A carry trade in which an investor expresses a notional neutral curve switch. This carry is expressed in basis points...