Realized Variable Swap Side Terms
Definition
Realized Variable Swap Side Terms. Terms for legs which relate to some statistical measure of performance of the underlying.
This generally defines the floating leg of a statistical type of swap or a dividend swap. The other leg of these swaps is implied, and is simply the strike. Payment is netted up at maturity and so there is no stream of cashflows either way. Earlier notes: Typically these are defined for swaps where there is only one leg; payments are determined at maturity of the swap contract and may go either way. Payments are determined by comparison of the value of the statistical measure at maturity with the pre-defined strike value of that parameter.
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.
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