An OVERTHECOUNTER COMPLEX SWAP involving a single currency exchange of floating INTEREST RATE references denominated in two different currencies (e.g., dollar LIBOR versus EURIBOR, payable in dollars). The swap permits an institution to express a view on foreign interest rate movements without assuming currency RISK. Also known as a QUANTO SWAP.
What is DIFFERENTIAL SWAP?
Featuring Black’s Law Dictionary
Nothing implied or stated on this page should be construed to be legal, tax, or professional advice. The Law Dictionary is not a law firm and this page should not be interpreted as creating an attorney-client or legal adviser relationship. For questions regarding your specific situation, please consult a qualified attorney.
- Best Way to Find Someone in Jail for Free
- What Is A Police Welfare Check?
- How Do You Look up License Plate Numbers?
- Best Way To Run A Free Arrest Warrant Check
- Signing a Letter on Someone Else’s Behalf
- Best Way to Write a Professional Letter to a Judge
- How To Find A Name & Address Using A License Plate Number
- How To Find An Inmate’s Release Date
- How to Transfer a Car Title When The Owner Is Deceased
- What Rights Do Convicted Felons Lose?