Introduction to Interest Rate Swaps and Use Cases
David Leeming
25 years: Trading & derivatives
David provides an overview of interest rate swaps - what they are, why they are used, typical parties involved and key components of the derivative.
David provides an overview of interest rate swaps - what they are, why they are used, typical parties involved and key components of the derivative.
Introduction to Interest Rate Swaps and Use Cases
17 mins 58 secs
An interest rate swap (IRS) is an over-the-counter derivative contract between two parties who agree to exchange a series of future interest rate payments. One of the parties commits to paying a series of fixed payments over the life of the contract; the other commits to paying a series of floating-rate payments.
Key learning objectives:
Define the key components of and parties to an interest rate swap
Explain a liability swap and how they are used
Explain an asset swap and how they are used
David Leeming
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