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Index Amortizing Rate Swap

An interest rate swap (IRS) that has an amortizing notional principal amount (NPA) over time. Differently stated, the swap's NPA...

Index Accreting Swap

An accreting swap in which the notional principal increases as the benchmark interest rate index moves down. This swap is...

Index Amortizing Swap

An amortizing swap (specifically, an interest rate swap) whereby the notional principal is amortized or decreased based on the movement...

Index Credit Default Swap

A credit default swap (CDS) that is linked to a basket of credit derivatives. This swap works primarily as if...

Receiver Extendable Swap

An extendable swap which combines a fixed receiver swap and a receiver swaption. For example, an investor buys a swap...

Fairway Swap

An interest rate swap (IRS) that entails the payment of a referenced floating rate (a floating rate linked to a...

Receiver Extendible Swap

An extendible swap which combines a fixed receiver swap and a receiver swaption. For example, an investor buys a swap...

CAS

It stands for callable asset swap; an asset swap in which the seller retains a call option on the underlying...

Mubadalat al-Arbah

Arabic (مبادلة الأرباح) for profit rate swap. By definition, it is an Islamic swap that entails the exchange of a...

Semi-Fixed Swap

A combination of a fixed for floating interest rate swap with a binary option. The fixed rate leg for each...