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Part 20

Part 20

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Published by api-3848722

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Published by: api-3848722 on Oct 18, 2008
Copyright:Attribution Non-commercial

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03/18/2014

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Part-20
Fundamentals of Swaps
Introduction
\ue000What is a swap?
\ue000It is basically an exchange of two
payment streams that are different
from each other.
\ue000Why do parties enter into a swap?
\ue000To acquire one stream of payments
and to dispose off another stream.
Introduction (Cont\u2026)
\ue000What is an interest rate swap?
\ue000It is a contract where two

counterparties commit themselves to
exchange, over an agreed time
period, two streams of payments,
each calculated using a different type
of interest rate, but with the same
notional principal.

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