kontrakt zamiany stóp procentowych interest rate swap contract
| Creator: | |
| Language pair: | Polish to English |
| Definition / notes: | A contract entered into by an issuer or obligor with a swap provider to exchange periodic interest payments. Typically, one party agrees to make payments to the other based upon a fixed rate of interest in exchange for payments based upon a variable rate. Interest rate swap contracts typically are used as hedges against interest rate risk or to provide fixed debt service payments to an issuer or conduit borrower dependent on a specified revenue stream for payment of such debt. For example, an issuer may issue variable rate debt and simultaneously enter into an interest rate swap contract. The swap contract may provide that the issuer will pay to the swap counter-party a fixed rate of interest in exchange for the counter-party making variable payments equal to the amount payable on the variable rate debt. |
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