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| ''Interest rate swaps''. | | ''Information technology''. |
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| The fixed leg of an interest rate swap is a predetermined series of notional fixed interest payments, exchanged for a series of floating interest payments, determined over time by the reference rate.
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| In practice the interest rate swap is settled for difference, so these payments are notional.
| | A megabyte of information is roughly the equivalent of a small book of text. |
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| The fixed leg is also sometimes known as the ''fixed rate leg''.
| | Definitions vary, but it is approximately one million bytes. |
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| When interest rate swap prices are quoted, the two-way prices quoted are for the fixed leg rate payable or receivable by the market taker.
| | In some definitions it is just over 1.04 million (= 2<sup>20</sup>) bytes. |
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| (The market taker takes the worse side of the two-way price.)
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| | ==See also== |
| | *[[Bit]] |
| | *[[Byte]] |
| | *[[Gigabyte]] |
| | *[[Kilobyte]] |
| | *[[Terabyte]] |
| | *[[Trillion]] |
| | *[[Zettabyte]] |
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| == See also ==
| | [[Category:Technology]] |
| * [[ICE Swap Rate]]
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| * [[Interest rate swap]]
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| * [[Mid-price]]
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| * [[Market taker]]
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| * [[Reference rate]]
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| * [[Swap rate]]
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| * [[Two-way price]]
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| ===Other links===
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| [http://www.treasurers.org/node/9936 Treasury Essentials: interest rate swap, Will Spinney, March 2014]
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| [[Category:Manage_risks]] | |
Latest revision as of 15:38, 17 August 2022
Information technology.
(MB).
A megabyte of information is roughly the equivalent of a small book of text.
Definitions vary, but it is approximately one million bytes.
In some definitions it is just over 1.04 million (= 220) bytes.
See also
