Terms Beginning With 'z'

Zero Basis Risk Swap (ZEBRA)

  • January 07, 2020
  • Team Kalkine

A zero-basis risk swap (ZEBRA), also synonymised as ?perfect swap?, or ?actual rate swap? is an interest rate swap agreement between a municipality (agrees to receive a floating (variable) interest rate on an identified amount of principal from the intermediary) and a financial intermediary (receives a fixed rate of interest)

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