abhishreshthaa
Abhijeet S
Notional Principal
the floating and fixed interest rate calculations are for a pre-decided principal
there is no actual exchange of principal
Fixed rate
predetermined rate, valid for the entire life of the Swap
Floating rate
linked to a benchmark rate, keeps changing periodically
Payment dates and conventions
swap start date, payment frequency, fixing date, maturity date
the floating and fixed interest rate calculations are for a pre-decided principal
there is no actual exchange of principal
Fixed rate
predetermined rate, valid for the entire life of the Swap
Floating rate
linked to a benchmark rate, keeps changing periodically
Payment dates and conventions
swap start date, payment frequency, fixing date, maturity date