en     ru     jp
 
 
private banking
private banking
private banking
private banking
private banking
private banking
private banking
     
 
Home
      
Knowledge Base
      
Financial Glossary
      
Zero Basis Risk Swap - ZEBRA
       
 
Back

Zero Basis Risk Swap - ZEBRA

 Search definitions     
  Search  

Zero Basis Risk Swap - ZEBRA
A Swap agreement between a municipality and a financial intermediary.
    
Also known as a "perfect Swap" or "actual rate Swap".
    
The municipality pays a Fixed Rate of Interest to the financial intermediary and receives a floating rate of Interest in return. The floating rate received is equal to the floating rate on the outstanding floating rate Debt initially issued by the municipality to the public.
    
Swap is the Exchange of one Security for another to change the maturity (bonds), quality of issues (stocks or bonds), or because investment objectives have changed. Recently, swaps have grown to include Currency swaps and Interest rate swaps.
Posted by  Privatebanking.com
 
  Back  
  Print  
  Email  

 

private banking
private banking
private banking
private banking
private banking
private banking
Get Adobe Flash Player to view the media
FlashPlayer required to view the media

 
Home News Library Newsletters Event Calendar Advertise About Contact FAQ
Privacy Policy     Terms of Service
 

©