Back-to-Back Swap

0.01 sec.

Back-to-Back Swap

A swap that reverses the terms of a previously agreed-upon swap. For example, the fixed rate payer in the first swap becomes the floating rate payer in the second swap. This eliminates the need for the two parties to pay each other, since each owes the other the same amount. It is sometimes used in lieu of simply canceling a swap.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
No references found			That Headley 3-year-olds had breakthrough wins in back-to-back Swaps Stakes also makes sense because the trainer practices such patience with young horses, the kind his rivals might push into the winter's Triple Crown prep races. HORSE RACING NOTEBOOK: HEADLEY PULLS OFF ANOTHER SWAPS by Daily News (Los Angeles, CA) The 'F1+' ratings are based on the joint probability of a default by Hypo Public Finance Bank, rated 'A/F1', and the back-to-back swap counterparties, which must be rated at least 'A/F1', under the total rate of return swaps. Fitch Upgrades Morrigan TRR Funding LLC Commercial Paper & Liquidity ... by Business Wire When Hypo International is rated less than 'F1' or its equivalent, it must enter into a back-to-back swap agreement for each asset with a third party with a rating of at least 'F1' or its equivalent. Fitch Rates Morrigan TRR Funding LLC's ABCP Program 'F1' by Business Wire			Back Office Back on the Shelf Back Order Back Pay Back Stop back taxes Back Test Back Testing Back Translation Back Up Back Up the Truck Back-and-Fill Back-End Load Back-End Load Fund back-end ratio Back-End Value Back-Office Crunch Back-Testing Back-to-Back Commercials Back-to-Back Commitment Back-to-Back Credit Back-to-Back Financing back-to-back lease Back-to-Back Letter of Credit Back-to-Back Loan Back-to-Back Swap Back-Up Withholding Backbone Backdating Backdoor Borrowing Backdoor Listing Backed In Backer Card backfill Backflush Costing Background Background Investigation Background Music Background Notes Background Processing Backing Away Backlighting Backlog Backspread backup contract Backup Line Backup Line of Credit Backup Space Backup Tape Backup Withholding Backup Withholding Rate			back-swept Back-Test Back-testing Back-Tests back-to-back back-to-back Back-to-Back Borrowing Back-to-Back Commercials Back-to-Back Commitment Back-to-Back Commitments Back-to-Back Credit Back-to-Back Credits Back-To-Back Documentary Credits Back-to-back financing Back-to-back high-voltage direct current Back-to-back house Back-to-back houses Back-to-Back L/C back-to-back lease Back-to-Back Letter of Credit Back-to-Back Letters of Credit Back-to-back life sentences Back-to-back loan Back-to-Back Loans Back-to-Back Swap Back-to-Back Swaps Back-to-back user agent back-to-backs back-to-front back-to-front back-to-front back-to-front back-to-front ratio Back-to-Normal Back-to-Office Report Back-To-School Drive Back-To-School-Diet Back-Traffic Protection Back-up Back-up Back-up Back-up Back-up Back-up CINC CTD Manager Back-Up Communication System Back-Up Computer System Back-Up Control Center Back-Up COP Correlation Site Back-Up Credit Back-Up Credits Back-Up CTP Correlation Site Back-up CTP Manager Back-Up Emergency Communication Back-Up Facility Back-Up Intervention Control System

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.