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Perpetual Swap

A contract that is similar to a traditional futures contract but carries no expiration date. It is a type of...

Super Senior Swap

A credit swap (credit default swap, CDS) in which the risk is not transferred to the counterparty (protection seller) unless...

FFS

It stands for fully funded swap; a swap in which the investor "fully" pays an upfront amount (funding) in return...

Fully Funded Swap

A swap in which the investor "fully" pays an upfront amount (funding) in return for the total return of a...

Unfunded Swap

A swap in which the investor (the long) pays an upfront amount (funding) in return for the total return of...

Funded Swap

A swap in which the investor pays an upfront amount (funding) in return for the total return of a reference...

Uncleared Swap Margin

The initial (IM) and variation margin (VM) requirements for all swaps that are not cleared by a registered derivatives clearing...

Uncleared Swap

A bilaterally executed swap that is not cleared and settled through a clearing organization. An uncleared swap is not, directly...

OTC IRS

An interest rate swap (IRS) that entails the exchange of a fixed rate of interest on a certain notional amount for...

OTC Interest Rate Swap

An interest rate swap (IRS) that entails the exchange of a fixed rate of interest on a certain notional amount for...