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Swap Markets

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Abstract

A swap is an agreement between two parties to exchange two differing forms of payment obligations. There are basically two types of swaps; an interest rate swap and a currency swap. In an interest rate swap the exchange involves payments denominated in the same currency, while in a currency swap the exchange involves two different currencies.

Keywords

Interest Rate Fixed Rate Treasury Bill Treasury Bond Treasury Bill Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Further reading

  1. Das, S. (2003) Swaps/Financial Derivatives: Products, Pricing, Applications and Risk Management 3rd edn, Wiley.Google Scholar
  2. Flavell, R. (2002) Swaps and Other Instruments Wiley.Google Scholar
  3. Kolb, R.W. (2002) Futures, Options and Swaps 4th edn, Basil Blackwell.Google Scholar

Copyright information

© Keith Pilbeam 2005

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