Question
Which of the following derivative instrument is a type
of financial derivative in which fixed payments of interest are exchanged by two counterparties for floating payments of interest?Solution
A swap is an agreement between two counter parties to exchange cash flows in the future. Under the swap agreement, various terms like the dates when the cash flows are to be paid, the currency in which to be paid and the mode of payment are determined and finalized by the parties. Usually the calculation of cash flows involves the future values of one or more market variables. There are two most popular forms of swap contracts, i.e., interest rate swaps and currency swaps.
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Read the given sentence to find out whether there are any grammatical/contextual errors in them. The errors, if any, will be in two of the phrases of th...
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During the summer vacation, we plan to visit several cities / to explore their rich history / and learning about / their cultural heritage.
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Have we made headway in our attempts to save the world’s rain forests?
The most unromantic neighbourhood that a child could be possible to live in has given me some of the fondest memories of my life.
Some of the initiative taken by the RBI to develop the market include measures to impart liquidity by permitting repo transactions in corporate...
Glutathione is regarded as one of the most important detoxifications agent in the human brain.
