define it and provide the pertinent formula 60 seconds
daj224 Wrote: ------------------------------------------------------- > define it and provide the pertinent formula > > 60 seconds plain vanilla swap – co XYZ pays a floating and receives a fixed rate the steps would be outflow for ZYZ = fixed rate * notional ammt * days/360 inflow = notional * days/360 * floating rate (typically a spread above LIBOR)
paid in arrears?