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Swap rate |
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Swap rateThe difference between the spot and forward exchange rates. Thus the price of a swap.Swap rateThe difference between spot and forward rates expressed in points, e.g., $0.0001 per pound sterling.Swap rate Similar MatchesInterest rate swapInterest rate swapAn arrangement in which two parties agree to exchange periodic interest payments, at agreed intervals, over an agreed period, but without any principal being paid. The most common and simplest deal involves one party paying a fixed rate of interest and the other paying a floating rate. IRSs are used for hedging, speculation or arbitrage. Equal dollar swapEqual dollar swapSelling common stoc../../finance-glossary/convertibles in one company and reinvesting the proceeds in as many shares of (1) another type of security issued by the company, or (2) another security of the same type but of another company -- as can be bought with the proceeds of the sale. See: Equal shares swap. Tax swapTax swapSwapping two similar bonds to receive a tax benefit. Currency swapCurrency swapAn agreement to swap a series of specified payment obligations denominated in one currency for a series of specified payment obligations denominated in a different currency. Result of stock swapResult of stock swapA term used by the London Stock Exchange to denote that a trade was reported as a result of a stock swap or stock switch (one report is required for each line of stock swapped or switched). Further SuggestionsPlain vanilla swapSwap Put swaption Debt/equity swap Fixed for floating swap Step up swap Extension swap Foreign exchange swap Substitution swap Debt for equity swap Circus swap Bond swap Amortizing interest rate swap swap Swaption Reverse a swap International Swap Dealers Association (ISDA) Call swaption Pure yield pickup swap currency swap Index swap Equal shares swap Swap Currency swap Swap buy back |
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