swap agreement — (53B) The term swap agreement (A) means (i) any agreement, including the terms and conditions incorporated by reference in such agreement, which is (I) an interest rate swap, option, future, or forward agreement, including a rate floor, rate cap … Glossary of Bankruptcy
Swap rate — Swap rates are the borrowing rates between financial institutions, usually with credit ratings of A/AA equivalent. Swap rates are calculated using the fixed rate leg of interest rate swaps. Swap rates form the basis of the swap curve (also known… … Wikipedia
financial participant — Under Title 11 U.S.C. Section 101: (22A) The term financial participant means (A) an entity that, at the time it enters into a securities contract, commodity contract, swap agreement, repurchase agreement, or forward contract, or at the time of… … Glossary of Bankruptcy
swap — A contract to buy and sell currencies with spot ( cash and carry) or forward contracts. The contract provides for the buying and selling to occur at different times; thus, each party acquires a currency it needs for a predetermined period of time … Financial and business terms
Swap — An arrangement whereby two companies lend to each other on different terms, e.g. in different currencies, and/or at different interest rates, fixed or floating. The New York Times Financial Glossary * * * ▪ I. swap swap 1 [swɒp ǁ swɑːp] also swop … Financial and business terms
Swap (finance) — For the Thoroughbred horse racing champion, see: Swaps (horse).In finance, a swap is a derivative in which two counterparties agree to exchange one stream of cash flows against another stream. These streams are called the legs of the swap.The… … Wikipedia
Swap Dealer — An individual who acts as the counterparty in a swap agreement for a fee called a spread. Swap dealers are the market makers for the swap market. The spread represents the difference between the wholesale price for trades and the retail price.… … Investment dictionary
Swap Bank — A financial institution that acts as an intermediary for interest and currency swaps. The function of these intermediaries is to find counterparties for those who want to participate in swap agreements. The swap bank typically earns a slight… … Investment dictionary
Swap Ratio — The ratio in which an acquiring company will offer its own shares in exchange for the target company s shares during a merger or acquisition. To calculate the swap ratio, companies analyze financial ratios such as book value, earnings per share,… … Investment dictionary
Swap reversal — An interest rate swap designed to end a counterparty s role in another interest rate swap, accomplished by counterbalancing the original swap in maturity, reference rate, and notional amount. The New York Times Financial Glossary … Financial and business terms
