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Derivatives and Risk Management, 1st Edition
book

Derivatives and Risk Management, 1st Edition

by Sundaram Janakiramanan
May 2024
Intermediate to advanced content levelIntermediate to advanced
542 pages
27h 26m
English
Pearson India
Content preview from Derivatives and Risk Management, 1st Edition
Swaps 227
C H A P T E R S U M M A R Y
Swaps were developed for the purposes of hedging risks.
In comparison to forwards and futures, swap contracts have
longer maturity.
Swaps are over-the-counter contracts between private parties.
ese are facilitated by swap intermediaries.
In an interest rate swap, one party agrees to exchange interest
payments based on a  xed interest rate with another party for
interest payments based on a  oating rate.
In a currency swap, one party agrees to exchange payments
based on one currency with another party for payments based
in another currency. Currency swaps are interest rate swaps,
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Publisher Resources

ISBN: 9781299447547Publisher Website