plain vanilla swap

A typical interest-rate swap that involves one counterparty’s paying a fixed interest rate while the other assumes a floating interest rate based on the amount of the principal of the underlying debt.

• The underlying debt, called the “notional” amount of the swap, does not change hands — only the interest payments are exchanged.

— Also termed generic swap.

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词条贡献者

资深译员姚坚，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，专注翻译各种与私募资本有关的法律文件。