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Rate-Capped Swap

An interest rate swap which involves the exchange of fixed rate payments for “capped” floating rate payments. The floating rate...

Equity Asset Allocation Swap

A combination of an equity swap and an asset swap whereby one party pays the returns generated by a specific...

Refinery Margin Swap

A commodity swap which allows a refiner to hedge against a narrowing spread between crude oil prices and the prices...

Electricity Price Swap

An electricity swap contract which involves referencing a specified quantity of power to the variable spot price at either the...

Intermarket Spread Swap

A transaction that involves the sale of a given bond and the purchase of another with different features, in an...

Swap Reversal

An interest rate swap which is entered into to terminate a counterparty’s position in another interest rate swap. For a...

Swap In-Arrears

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

Swap Rate Lock

An agreement that in advance sets the absolute swap rate level for a swap that starts on a future date....

Swap Buy-Back

The process of terminating a swap agreement by mutual consent of the parties at an early date before maturity. The...

Swap Sale

A swap in which the payer of a given leg agrees to assign the other leg to a third party....