The credit which is granted to a specific firm by a financial institution for its own financing needs. The allocated...

An interest rate swap (IRS) in which the notional principal varies according to a specified schedule. This type of swap...

In its simplest form, swap hedging represents a mechanism by which the swap dealer takes an equal and offsetting Treasury...

The dollar duration of an interest rate swap is the difference between the dollar duration of the two bond positions...

A swap is a series of cash flows on two legs. At the trade date (which is assumed to be...

Unlike standard credit default swaps (CDS) which require a valuation following a credit event (usually default), binary swaps simply specify...

A callable swap that can be cancelled only on a single pre-determined date in the future. It gives the fixed-rate...

It stands for cross-currency basis swap; a floating-for-floating swap that involves exchanging two streams of interest payments each denominated in...

A floating-for-floating swap that involves exchanging two streams of interest payments each denominated in a different currency. In other words,...

A bond swap that aims to contain the effect of increasing interest rates on a portfolio by selling a bond...