Risk-Free Rate Working Group and Swap: Difference between pages

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''Risk-free reference rates''.
Any agreement which:


(RFR WG).
#Provides for the exchange of one or more payments based on the value or level of one or more rates, currencies, commodities, securities, instruments of indebtedness, indices, quantitative measures, or other financial or economic interests or property of any kind;
#And which transfers between the parties to the transaction, in whole or in part, the financial risk associated with a future change in any such value or level;
#Without also transferring a current or future direct or indirect ownership interest in an asset or liability that incorporates the financial risk transferred by the swap.


One of a number of working groups world-wide, established to support the transition from LIBOR to alternative benchmark interest rates, such as SONIA (GBP), SOFR (USD) and SARON (CHF).


Examples of swaps include interest rate swaps, basis swaps, and cross currency interest rate swaps.


==See also==
Not to be confused with a <i>foreign exchange swap</i>, which is different.
*[[Benchmark]]
*[[LIBOR]]
*[[Risk-free rates]]
*[[SARON]]
*[[SOFR]]
*[[SONIA]]
*[[The Working Group on Sterling Risk-Free Reference Rates]]




===Other links===
== See also ==
 
* [[Accreting swap]]
[[Media:Slaughter and May interest rate benchmarks.pdf| 2021: A Benchmark Odyssey, Practical Guidance for Treasurers on interest rate benchmarks, Slaughter and May]]
* [[Amortising swap]]
 
* [[At the money]]
[[Media:The_Treasurer_-_LIBOR_-_Goodbye_to_all_that.pdf| LIBOR: Goodbye to all that, The Treasurer]]
* [[Basis swap]]
 
* [[Contract for differences]]
[https://www.bankofengland.co.uk/markets/sonia-benchmark SONIA and other benchmarks]
* [[Counterparty]]
 
* [[Cross-currency interest rate swap]]
[https://www.newyorkfed.org/medialibrary/Microsites/arrc/files/2018/ARRC-Second-report The Alternative Reference Rates Committee, Second Report, March 2018]
* [[Debt for equity swap]]
 
* [[Differential swap]]
[[Category:The_business_context]]
* [[Equity swap]]
* [[Fixed rate payer]]
* [[Fixing instrument]]
* [[Floating rate payer]]
* [[Foreign exchange swap]]
* [[Interest rate swap]]
* [[Long-dated swap]]
* [[Notional principal]]
* [[Swaption]]
* [[Total return swap]]
* [[Warehousing]]
* [[Zero-coupon swap]]
* [[ISDAFIX]]

Revision as of 17:20, 12 December 2014

Any agreement which:

  1. Provides for the exchange of one or more payments based on the value or level of one or more rates, currencies, commodities, securities, instruments of indebtedness, indices, quantitative measures, or other financial or economic interests or property of any kind;
  2. And which transfers between the parties to the transaction, in whole or in part, the financial risk associated with a future change in any such value or level;
  3. Without also transferring a current or future direct or indirect ownership interest in an asset or liability that incorporates the financial risk transferred by the swap.


Examples of swaps include interest rate swaps, basis swaps, and cross currency interest rate swaps.

Not to be confused with a foreign exchange swap, which is different.


See also

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