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imported>Brianlenoach@hotmail.co.uk |
imported>Doug Williamson |
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| Any agreement which:
| | ''Pensions funding.'' |
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| #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;
| | Depending on the funding method being used, this will generally be the fund of assets equal to the value of past service liabilities allowing for projected earnings. |
| #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;
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| #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.
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| Examples of swaps include interest rate swaps, basis swaps, and cross currency interest rate swaps.
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| Not to be confused with a <i>foreign exchange swap</i>, which is different.
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| == See also == | | == See also == |
| * [[Accreting swap]] | | * [[Adjusted contribution rate]] |
| * [[Amortising swap]]
| | * [[Funding method]] |
| * [[At the money]]
| | * [[Normal contribution rate]] |
| * [[Basis swap]]
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| * [[Contract for differences]]
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| * [[Counterparty]]
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| * [[Cross-currency interest rate swap]]
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| * [[Debt for equity swap]]
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| * [[Differential swap]]
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| * [[Equity swap]]
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| * [[Fixed rate payer]]
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| * [[Fixing instrument]] | |
| * [[Floating rate payer]] | |
| * [[Foreign exchange swap]]
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| * [[Interest rate swap]]
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| * [[Long-dated swap]]
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| * [[Notional principal]]
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| * [[Swaption]]
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| * [[Total return swap]]
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| * [[Warehousing]]
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| * [[Zero-coupon swap]]
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| * [[ISDAFIX]]
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Revision as of 15:56, 14 August 2013
Pensions funding.
Depending on the funding method being used, this will generally be the fund of assets equal to the value of past service liabilities allowing for projected earnings.
See also
