Bloomberg掉期衍生产品培训.pptVIP

?2010 Bloomberg L.P. All rights reserved. ?2010 Bloomberg L.P. All rights reserved. By Michael Wong ?2010 Bloomberg L.P. All rights reserved. ?2003 Bloomberg L.P. All rights reserved. Size of interest rate swap market In Trillion US Source BIS 230 169 151 309 309 341( June 09) What is an interest rate swap? Swaps are exchange of one type of cash flows for another type that is considered to be of equal value. Interest rate swaps: Agreement to exchange fixed interest payments with floating (or the opposite) over an agreed period. Payments are based on an agreed principal amount, but principa