An OVERTHECOUNTER SWAP involving the exchange of a floating INTEREST RATE for potential gains from the appreciation an EQUITY reference index (which may take the form of a single COMMON STOCK, a BASKET, or a broad market index). See also EQUITY DERIVATIVE, EQUITY INDEX SWAP, EQUITY PUT SWAP.
Link to This DefinitionDid you find this definition of EQUITY CALL SWAP helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary