A type of interest rate swap (IRS) or cross-currency swap (xccy swap) in which the fixed rate leg resets periodically over the course of its term. For example, the fixed rate of a swap may be subject to a quarterly review. At that time the prevailing rates will be used to reset or re-adjust that rate to a new level, taking into consideration any emerging market reality.
Notice: Undefined variable: myString in /hermes/bosnacweb04/bosnacweb04ai/b1550/ipg.lantanasolutionsbh98965/fincyclopedia/wp-content/themes/independent/template-parts/post/content-single.php on line 41
Comments