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Event-Linked Swap

A swap agreement in which a contingent payment on one leg is linked to a trigger event, such as a…

Electricity Rate Swap

A commodity-linked swap in which an electricity consumer (the swap buyer) has its electric bill paid by a counterparty (the…

Accumulation Swap

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

Fwd-Fwd

An abbreviation for forward-forward; a foreign exchange swap (FX swap) that starts (comes into effect) to a certain date in...

Forward-Forward

A foreign exchange swap (FX swap) that starts (comes into effect) to a certain date in the future. This arrangement...

Acceleration

A clause in a contract, agreement or contractual obligation, such as a swap, whereby it is allowable to terminate the…

Affected Party

A counterparty to a swap agreement that has experienced a termination event such as illegality (change in any law or...

Amortizing Interest Rate Swap

An amortizing swap (an interest rate swap) in which the notional principal is amortized or decreased based on the movement...

Dynamic Portfolio Swap

A credit portfolio derivative, specifically a portfolio default swap in which the protection buyer may change the actual composition of...

Escalating Rate Swap

A variant on an off-market swap in which the fixed rate increases according to a predetermined schedule over the life…