Swapping debt maturities
Swapping fixed interest rate payments for floating interest rate payments.
Swapping interest rate tax liabilities
Swapping debt principal payments
Done directly between the two counterparties
Arranged by government regulatory agencies
Arranged by financial institutions
Arranged by the World Bank
Will pays fix and receive floating for the term of the swap contract
Will receive fix and pay floating rate for the term of the swap contract
Such a swap not possible
Liquidity, interest rate
An exchange of floating-rate payments for fixed-rate payments.
An exchange of one currency for another currency in the spot exchange market.
An exchange of interest payments denominated in one currency for interest payments denominated in another currency.
An exchange of debt covenant terms in one country for those in another country