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