The exchange of interest payment obligations in one currency for a specified term. The purpose of such an exchange is to swap with the other party the corresponding advantage that one party has over the other by virtue of its position in a particular financial market. – See overnight indexed swap, swap, overnight interest rate swap, interest rate swap.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/