A basis point (bps) is 0.01 percentage point and equals $1,000 annually on a contract protecting $10 million of debt...
It stands for intercontinental exchange rate. By definition, it is the mid-price for interest rate swaps (the fixed leg) and...
An abbreviation for inverted curve enhancement swap; an interest rate swap that places a minimum level (floor) under the floating rate in consideration...
It stands for interst rate swap; an exchange of a fixed rate of interest on a certain notional amount for a floating rate...
Mid-swap (MS) is the average of bid and ask swap rates used as a benchmark for calculating total interest rate...
It stands for current replacement cost; the amount that is required to replace an existing (active) swap in the event a...
It stands for marking to market; the practice which is used to revalue a financial instrument, in general. In the...
It stands for marking to market; the practice which is used to revalue a financial instrument, in general. In the...
An interest rate swap in which one party pays a fixed interest rate and receives floating-rate interest payments based on the...
A Bond Market Association (BMA) swap is an interest rate swap in which one party pays a fixed interest rate and receives...