an OTC transaction in which the parties agree to make payments to each other on specified future dates over an agreed term, where the payments each party makes are calculated on a different basis, such as the exchange specified cash flows at specified intervals (e.g., one party agrees with the other party that it will exchange a Floating Rate for a Fixed Rate on a specified notional amount of principal at the end of each quarter).
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is a comprehensive glossary of hedge fund slang, legal and regulatory terminology, and acronyms.
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