Basis swap and PSR: Difference between pages

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A swap that exchanges two floating interest rates, each being calculated on a different basis.  For example, 3-month LIBOR against 6-month LIBOR, or LIBOR against Prime.
Pension Schemes Registry.
 
The use of a basis swap for hedging is to transform a borrowing or deposit with interest calculated on a particular basis, into a synthetic liability or asset with interest effectively calculated on an alternative basis.  This alternative interest basis being considered preferable by the hedger.


== See also ==
== See also ==
* [[Swap]]
* [[Pensions Regulator]]
 

Revision as of 15:25, 6 May 2013

Pension Schemes Registry.

See also

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