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LIBOR-In-Advance Swap

An interest rate swap in which the floating rate (LIBOR) is set in advance, rather than in arrears. That is,...

LIBOR-In-Arrears Swap

An interest rate swap in which the floating rate is set in arrears. This means, the floating rate is determined...

LIBOR

It stands for London Interbank Offered Rate. It is the rate of interest at which AA-rated banks borrowed large amounts...

LIBOR Swap Rate

The fixed rate on a single-currency, fixed-notional interest rate swap that has its floating-rate leg referenced to LIBOR with no...

LIBOR-Squared Swap

An aggressive (and rare) form of interest rate swaps (literally a power swap) which was first entered into between Gibson...

Fixed-Then-Floating Bond

A bond that pays a fixed amount of interest (coupon) for a specific period of time and then turns into...

Term-Rate-Indexed Repo

A type of floating rate repo (variable rate repo) which is linked to a term index such as LIBOR or...

Fake Perpetual Floating-Rate Note

A perpetual FRN (perpetual floating rate note) which contains a call option given to the issuer. However, if the issuer...

FRCD

If stands for floating-rate certificate of deposit; a certificate of deposit (CD) that pays a floating interest rate. In other...

Floating Rate Certificate of Deposit

A certificate of deposit (CD) that pays a floating interest rate. In other words, the rate floats upward or downward,...