The nominal value that is used to calculate swap payments. For example, in an interest rate swap, each period's interest rates are...
The risk that arises because of the duration of the floating leg of a swap. This occurs because once the...
It stands for a snowball interest rate swap; a structured swap which consists of a funding leg and a coupon...
A structured swap which consists of a funding leg and a coupon payment stream, whereby the coupon payment made on...
A hybrid derivative instrument that allows investors harboring a strong feeling that rates will fall below a specific level to...
A put option on a swap in which the buyer has the right, but is not obliged, to enter into...
A type of repo (repurchase agreement) in which the interest rate is changed (floats) in accordance with change in an...
A medium to long-term debt obligation (note) that has its coupon rate linked to some reference interest rate (specifically a...
A floating-rate bond that converts into a fixed coupon obligation when a reference interest rate (market interest rate) drops below...
A swap agreement that is made between a municipality (a city or town local council) and a financial intermediary, in...