The date on which the periodic payment terms and conditions of a swap agreement are established. In other words, the rare fixing...
Mid-swap (MS) is the average of bid and ask swap rates used as a benchmark for calculating total interest rate...
An average of a pay rate (bid rate) and a receive rate (offer rate) in an interest rate swap. A dealer...
The swap rate that makes a swap break even, i.e., renders its present value equal to zero. At this rate, the present value of the floating...
The present value of the expected future net cash flows of a derivative. This value captures the current credit exposure...
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...
It stands for current replacement cost; the amount that is required to replace an existing (active) swap in the event a...
The amount that is required to replace an existing (active) swap in the event a counterparty to the swap is unable to...
Mid-swap (MS) is the average of bid and ask swap rates used as a benchmark for calculating total interest rate...
An interest rate swap that enables the client to pay a rate that is lower than that of a vanilla swap in return for...