FINANCIAL DERIVATIVES - INTEREST RATE SWAP
Keyword(s):
Swap as a portfolio of forward contract is a financial derivative traded on the over-the-counter market. In its basic form, swap is based on the exchange of future cash flows between two market participants in accordance with the agreed terms. The cash flows that are exchanged are the interest payments and in some circumstances even the notional amount, and transactions are carried out in a period of two to thirty years. Swaps first appeared in 80's, and have evolved from back-to-back loans.
2017 ◽
Vol 7
(3)
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pp. 55-64
Keyword(s):
2009 ◽
Vol 84
(3)
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pp. 893-935
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2020 ◽
Vol 54
(2)
◽
pp. 113
Keyword(s):
2019 ◽
Vol 4
(1)
◽
pp. 117-124
Keyword(s):