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interest rate swap
(redirected from Interest rate swaps)

   Also found in: Wikipedia 0.02 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.

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Since interest rate swaps are financial instruments, JP Morgan Chase was required to use this special method.
Since its founding in 1994, Rice Financial, which specializes in interest rate swaps for municipalities, has grown through multiple acquisitions.
com) offers a secure Internet-based trading platform designed for the efficient execution of currency and interest rate swaps between banks and corporations.
 
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