Issuer Swap Agreement

From Open Risk Manual

Definition

The Issuer Swap Agreement is the contract between the Issuer and the Issuer Swap Counterparty that stipulates the obligations of each under the swap contract

Details

The swap contract will typically specify regular cashflows on the basis of both predefined rates and floating (variable) rates that are contingent on market levels

Variations

None

Issues and Challenges

None

See Also

None

Disclaimer

  • This information is provided as is without any representation of correctness, completeness or suitability for any purpose whatsoever. Refer to actual securitisation prospectuses for the definitive terms applicable in each case
  • Definitions, detailed descriptions and other content may change at any time as further examples or relevant aspects are introduced

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