It stands for first-loss credit default swap; a credit default swap (CDS) that protects its buyer (the long) from losses…
The floating rate payer, or a party to an interest rate swap who makes, to a fixed rate payer, variable...
The fixed rate payer, or a party to an interest rate swap who makes, to a floating rate payer, i.e.,...
A measure of a swap's value sensitivity to interest rate changes. The duration of a swap is equal to the...