Instrument Item: Overnight Index Swap
Generated on 2014/06/19 at 04:58:11 AM
Instrument Item: Overnight Index Swap
| Acronym or Abbreviation | ||||
| Alias or Synonym | Interest rate swap, | |||
| Key Words | ||||
| Description (HTML) | An interest rate swap involving the overnight rate being exchanged for a fixed interest rate. An overnight index swap uses an overnight rate index, such as the Federal Funds Rate, as the underlying for its floating leg, while the fixed leg would be set at an assumed rate. Overnight index swaps are popular amongst financial institutions for the reason that the overnight index is considered to be a good indicator of the interbank credit markets, and less risky than other traditional interest rate spreads. | |||
| Source Description | Investopedia | |||
| Source URL | http://www.investopedia.com/terms/o/overnightindexswap.asp | |||
| Document | No document attached... | |||
| Lifecycle - Exist Start Date | UNKNOWN | |||
| Lifecycle - Exist End Date | UNKNOWN | |||
| Item Quality Status (Item Quality Status) | ||||
| Updated by | webea.09 | |||
| Updated on | 2014-04-08-14.50.24.602000 | |||
included in |
|
Instrument