Swap: Difference between revisions
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imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Remove surplus links.) |
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* [[Differential swap]] | * [[Differential swap]] | ||
* [[Equity swap]] | * [[Equity swap]] | ||
* [[Fixing instrument]] | * [[Fixing instrument]] | ||
* [[Foreign exchange swap]] | * [[Foreign exchange swap]] | ||
* [[ICE Swap Rate]] | |||
* [[In the money]] | * [[In the money]] | ||
* [[Interest rate swap]] | * [[Interest rate swap]] | ||
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* [[Swaption]] | * [[Swaption]] | ||
* [[Total return swap]] | * [[Total return swap]] | ||
* [[Zero-coupon swap]] | * [[Zero-coupon swap]] | ||
Revision as of 09:53, 1 September 2018
1.
Any agreement which:
- Provides for the exchange of one or more payments based on the value or level of one or more rates, currencies, commodities, securities, instruments of indebtedness, indices, quantitative measures, or other financial or economic interests or property of any kind;
- And which transfers between the parties to the transaction, in whole or in part, the financial risk associated with a future change in any such value or level;
- Without also transferring a current or future direct or indirect ownership interest in an asset or liability that incorporates the financial risk transferred by the swap.
Examples of this type of swap include interest rate swaps, basis swaps, and cross currency interest rate swaps.
They as sometimes known as capital market swaps, because of their longer-term nature.
2.
A foreign exchange swap, which is a shorter-dated instrument.
See also
- Accreting swap
- Amortising swap
- At the money
- Basis swap
- Contract for differences
- Counterparty
- Cross-currency interest rate swap
- Currency swap
- Debt for equity swap
- Differential swap
- Equity swap
- Fixing instrument
- Foreign exchange swap
- ICE Swap Rate
- In the money
- Interest rate swap
- Long-dated swap
- Out of the money
- Notional principal
- Securitisation swap
- Swaption
- Total return swap
- Zero-coupon swap
