Overnight index swap/Definition: Difference between revisions
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An interest rate [[swap contract]] in which a fixed rate is swapped with a published daily [[overnight index rate]]. | An interest rate [[swap contract]] in which a fixed rate is swapped with a published daily [[overnight index rate]] (equivalent to the United States [[federal funds rate]] ). | ||
Revision as of 03:31, 3 August 2010
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Overnight index swap [r]: An interest rate swap contract in which a fixed rate is swapped with a published daily overnight index rate (equivalent to the United States federal funds rate ).