Printer Friendly
The Free Dictionary
967,931,625 visitors served.
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

interest rate swap
(redirected from Forward-starting swap)

   Also found in: Wikipedia 0.06 sec.
Interest Rate Swap
A deal between banks or companies where borrowers switch floating-rate loans for fixed rate loans in another country. These can be either the same or different currencies.

Notes:
The advantage to this is that one company may have access to lower fixed rates and another company may have access to lower floating rates... so they trade.


Interest rate swap
A binding agreement between counterparties to exchange periodic interest payments on some predetermined dollar principal, which is called the notional principal amount. For example, one party will pay fixed and receive variable.

interest rate swap
See swap.

?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? Mentioned in ? References in periodicals archive
 
Fitch has been informed that Greenspring plans to enter into a forward-starting swap with a notional amount of $30 million.
The current issues involve a forward-starting swap in which the state will pay the counterparties a fixed rate and receive payments tied to the BMA index.
Including all offering expenses and the settlement of two forward-starting swaps, the all-in effective rate of the unsecured notes is 5.
 
Financial browser? ? Full browser
 
 
Financial Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2008 Farlex, Inc.
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. Terms of Use.