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Crack Spread Swap

A commodity swap which allows a refiner to hedge against a narrowing spread between crude oil prices and the prices...

Crack Swap

A commodity swap that calls for the payment of the spread between crude oil and a specific basket of "cracked"...

Adjustment Swap

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

Limited-Price Indexation Swap

An inflation swap (a zero-coupon swap) in which a fixed amount is exchanged at a specified maturity for the limited-price...

Profit Rate Swap

An Islamic swap that entails the exchange of a floating profit rate for a fixed profit rate, or vice versa....

Limited-Price Index Swap

An inflation swap (a zero-coupon swap) in which a fixed amount is exchanged at a specified maturity for the limited-price...

FX Swap

A forex transaction that involves the simultaneous purchase and sale of identical amounts of one currency for another with two...

Swaplet Risk

The risk that a counterparty to a swap will not make a due payment on a specific reset day. Differently...

Swap Annuity

A method for settling a swap unwind, whereby the party with the profit receives from the party with a loss...

Swaplet

One payment/ trade of a series of swap payments or forward rate agreement (FRA) trades. Each swaplet starts when the...