Floating Interest Rate Leg
From Open Risk Manual
Definition
Floating Interest Rate Leg. A swapstream in which variable interest is paid on some notional amount, linked to some underlying interest reference rate
Synonyms
- Floating Interest Rate Swap Stream
Issues and Challenges
Instead of an absolute rate you have an underlier and an offset called a spread (same as margin in floating rate notes).
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
Facts about "Floating Interest Rate Leg"
| IsDefinedBy URI of an entity that is defined via an imported vocabulary. | https://spec.edmcouncil.org/fibo/ontology/DER/RateDerivatives/IRSwaps/index-en.html + |
