Swaps

Moorad Choudhry, Didier Joannas, Gino Landuyt, Richard Pereira and Rod Pienaar
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Moorad Choudhry: Europe Arad Bank plc
Didier Joannas: Thomson Reuters-Risk in North Asia
Gino Landuyt: Europe Arad Bank plc
Rod Pienaar: UBS AG prime services

Chapter 16 in Capital Market Instruments, 2010, pp 313-340 from Palgrave Macmillan

Abstract: Abstract Swaps are one of the most important and useful instruments in the debt capital markets. They are used by a wide range of institutions, including banks, mortgage banks and building societies, corporates and local authorities. The demand for them has grown as the continuing uncertainty and volatility of interest rates and exchange rates has made it more important to hedge exposures. As the market has matured the instrument has gained wider acceptance, and is regarded as a ‘plain vanilla’ product in the debt capital markets.

Keywords: Interest Rate; Cash Flow; Discount Factor; Forward Rate; Interest Payment (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-27938-4_16

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DOI: 10.1057/9780230279384_16

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