interest rate swap

An agreement to exchange interest receipts or interest-payment obligations, usu. to adjust one’s risk exposure, to speculate on interest-rate changes, or to convert an instrument or obligation from a fixed to a floating rate — or from a floating to a fixed rate.

• The parties to such an agreement are termed “counterparties.”


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法律翻译Fang,毕业于新加坡知名法学院,专注翻译各类与白领犯罪与调查有关的法律文件。
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