Swap buy back

Swap buy back

The sale of an interest rate swap by one counterparty to the other, effectively ending the swap.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Swap Buy Back

A situation in which a counterparty to a swap sells the right to receive payments to the other counterparty. This ends the swap agreement.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved