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Reverse Indexed Principal Swap

A variant of interest rate swap which, contrary to indexed principal swaps, amortizes as interest rates fall. In other words,...

Retail Price Index-Linked Swap

A swap which involves an exchange of interest calculated by reference to the Retail Prices Index (RPI) and another reference...

Reversible Swap

A swap which combines an interest rate swap and a swaption on double the notional principal amount (NPA) of the...

Right-Way-Around Swap

A cross-currency swap in which the bank sponsor/ arranger pays a hard currency (like dollar, euro, etc) and receives a...

Par Floater Asset Swap

An asset swap on a par floater (a floater selling at par, i.e., one in which the required return equals...

Over-The-Counter Derivative

A derivative instrument which is traded and privately negotiated in over-the-counter (OTC) markets, i.e. directly between the two parties involved,...

Quanto Swap

A currency swap whereby a rate observed in one currency is applied to a principal amount denominated in another currency....

Curve-Lock Swap

A swap which allows one of the counterparties to lock in the spread between two different points on a particular...

IAR Swap

It stands for index amortizing rate swap; an interest rate swap (IRS) that has an amortizing notional principal amount (NPA)...

Forward Start Swap

A swap which initiates at a forward start date. In this swap the effective date is not the usual one...