Float Float Interest Rate Swap
From Open Risk Manual
Contents
Definition
Float Float Interest Rate Swap. An interest rate swap that exchanges cashflows based on two different floating interest rates
This is a swap in which two parties swap variable interest rates based on different money markets, and this is usually done to limit interest-rate risk that a company faces as a result of having differing lending and borrowing rates.
Synonyms
- Basis Rate Swap
See Also
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.
