- floating-rate payer
- In an interest rate swap, the counterparty who pays a rate based on a reference rate, usually in exchange for a fixed-rate payment. Bloomberg Financial Dictionary
Financial and business terms. 2012.
floating-rate payer
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Floating-rate payer — In an interest rate swap, the counterparty who pays a rate based on a reference rate, usually in exchange for a fixed rate payment … Financial and business terms
Fixed-rate payer — In an interest rate swap the counterparty who pays a fixed rate, usually in exchange for a floating rate payment. The New York Times Financial Glossary … Financial and business terms
fixed-rate payer — In an interest rate swap, the counterparty who pays a fixed rate, usually in exchange for a floating rate payment . Bloomberg Financial Dictionary … Financial and business terms
Payer — An entity that makes a payment to another. While the term payer generally refers to someone who pays a bill for products or services received, in the financial context it usually refers to the payer of an interest or dividend payment. In an… … Investment dictionary
Payer of Fixed — In the interest rate swap market this refers to a party who pays the fixed interest rate and receives the floating rate. The opposite of receiver of fixed. ► See also Swap … Financial and business terms
interest rate swap — An agreement under which two parties agree to exchange or swap a series of payments corresponding to each other s interest payment obligations. See also swap. + interest rate swap USA A type of over the counter derivative (OTC derivative) under… … Law dictionary
Interest rate derivative — An interest rate derivative is a derivative where the underlying asset is the right to pay or receive a (usually notional) amount of money at a given interest rate.The interest rate derivatives market is the largest derivatives market in the… … Wikipedia
Forward rate agreement — In finance, a forward rate agreement (FRA) is a forward contract in which one party pays a fixed interest rate, and receives a floating interest rate equal to a reference rate (the underlying rate). The payments are calculated over a notional… … Wikipedia
Equity swap — An equity swap is a swap where a set of future cash flows are exchanged between two counterparties. The two cash flows are usually referred to as legs . One of these cash flow streams can be pegged to floating rate of interest or pay a fixed rate … Wikipedia
swap — / swäp/ n 1: an exchange of securities 2: a derivative contract in which two parties (as corporations) agree to exchange rates esp. relating to debt Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
