Basis Swap Financial Glossary

What is it? A cross currency swap or interest rate swap where both legs are floating rate. Basis swaps convert the floating rate of one leg, to the floating rate of the other. Eg 3-month GBP LIBOR to 1-month AUD BBSW.

Finance Term Definition Added By: Noah

The Basis Swap definition has been viewed 3107 Time(s)!

Send To Friends!

If you'd like to send the Basis Swap definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Basis Swap. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term positive response verification is A form of auditing account balances in which the account debtor is requested to respond to either confirm or dispute the balance. One of two forms of direct verification.

Financial Term Collection Account is When a person does not pay back his loan, it is considered a collection account. Once the debt is charged off, the account will be assigned to a collection agency who will also report the debt as a collection account. Many times a persons credit report will show a charge-off and collection account for the same debt. Whenever a collection agency gets involved, the debt ultimately lands on the consumers credit report(s).

Financial Term Inland Revenue is The Inland Revenue is the government department responsible for the assessment and collection of direct tax on income, capital gains, stamp duties, companies profits and inheritance tax.

Financial Term Acquisition is The act of one business acquiring the shares or assets of another business.

Financial Term escrow accounts is Cash held in abeyance until an event occurs or does not occur. For example, funds paid monthly by a mortgagor to the mortgagee are held in escrow until they are due to the taxing authority.