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Swap Sale |
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Swap sale Also called a swap assignment, a transaction that ends one counterparty's role in an interest rate swap by substituting a new counterparty whose credit is acceptable to the other original counterparty. Swap Assignment A swap in which one party pays a leg to the counterparty, then assigns the other leg to a third party. Thus, the first party steps out of the deal, receiving or paying the net amount of the deal. It is also called a swap sale or swap novation. 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. |
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An overwhelming 82 per cent of customers would happily swap sales for year-round low prices. LeadSwap is a 24-hour lead exchange network that offers sales and small business professionals a unique opportunity to access, submit and swap sales leads online. |
Swap Sale |
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