ADVANCED ACCOUNTING
ADVANCED ACCOUNTING
12th Edition
ISBN: 9780357671221
Author: FISCHER
Publisher: CENGAGE L
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Chapter 9.M, Problem 5UTI
To determine

Swap:

Swap is basically defined as a type of derivate which is based on the cash flows. For one party the cash flow might be fixed and for the other one it might be variable.

Swaps are basically there to meet the need of specific parties that are not traded on any regular exchanges. Swaps are useful to hedge unfavourable outcomes fully in the stage of hedging.

The work flow of interest swap rate with an example.

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