Overnight Index Swap

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A short-term, plain vanilla swap in which the legs are a fixed interest rate and the current rate for an overnight loan. As with all interest rate swaps, an overnight index swap is calculated over some notional amount.

Overnight Index Swap

What Does Overnight Index Swap Mean?

An interest rate swap in which the overnight rate is exchanged for another fixed interest rate.

Investopedia explains Overnight Index Swap

Generally short-term, the interest of the overnight rate portion of the swap is compounded and paid at maturity.

Related Terms:
• Arbitrage
• Index
• Interest Rate
• Interest Rate Swap
• Swap

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No references found			Overnight index swaps from Credit Suisse are pricing in 85. Euro Looks like it May End up a Laggard in the Rate Game Given the ... by Mena Report A key indicator of liquidity is the spread between the London Interbank Borrowing Rate (Libor) on a term loan and the interest rate paid on an Overnight Index Swap (OIS) for a comparable maturity. A focus on quantitative easing by Carlson, John; Wakefield, Sarah / Economic Trends The spread expresses the three-month premium paid over anticipated central bank interest rates, or overnight index swap (OIS) rates and is seen as a gauge of financial market conditions - a narrowing spread suggests improving market conditions. Slump in interbank borrowing rate continues by guardian.co.uk / guardian.co.uk			Overdraft Cap Overdraft Checking Account Overdraft Facility Overdraft Protection Overdue Overexposure Overfull Employment Overfunded Pension Plan Overfunding Overgrowth Overhang Overhanging Bond Overhanging Supply Overhead Overhead Resistance Level Overheating overimprovement Overinvestment Overissue Overlap the Market Overlapping Debt Overlay Strategy Overmargined Overnight Deal Overnight Delivery Risk Overnight Index Swap Overnight Position Overnight Repo Overnight Trading Overperform Overreaching Overreaction Hypothesis override Overriding Royalty Interest Overrun Overschrijding van de bevoegdheid Overseas Economic Cooperation Fund Overseas Private Investment Corporation Overshooting Oversight and Government Reform Committee Oversold Overstay Oversubscribed Oversubscribed Issue Oversubscription Oversubscription Privilege Overtime Overtime Ban Overtrade Overtrading Overvaluation			Overmount Overmountain Victory National Historic Trail Overmountain Victory National Historic Trail Overmountain Victory Trail Association Overmountain Victory Trail Association overmuch overmuch overmuchness Overmultiply Overmultitude Overmyer Mould Co Overmyer, Robert Franklyn Overname Overneat Overnewton Anglican Community College overnice overnight overnight overnight bag Overnight Bin overnight case overnight deal Overnight Deals Overnight delivery risk Overnight Delivery Risks Overnight Express Overnight Guest Overnight Host Program Overnight Index Swap Overnight Index Swaps Overnight mail Overnight Parking on Madison Overnight Per Diem overnight polysomnography Overnight position Overnight Positions Overnight Rapid Bovine Identification Test Overnight rate Overnight Rates Overnight repo Overnight repo Overnight Repos Overnight Repos Overnight Repurchase Agreement Overnight Repurchase Agreements Overnight Trading Overnight Urinary Cortisol/Creatinine overnighted overnighter overnighters overnighting overnights Overnite Transportation Overnoise Overnumerous

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