Overnight index swap/Definition: Difference between revisions

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imported>Nick Gardner
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An interest rate [[swap contract]] in which a fixed rate is swapped with a published  daily [[overnight index rate]].
(OIS) an interest rate [[swap contract]] in which a fixed rate is swapped with a published  daily [[overnight index rate]] (the OIS rate is equivalent to the United States [[Federal funds rate]] )
funds rate).

Revision as of 04:39, 3 August 2010

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Overnight index swap [r]: (OIS) an interest rate swap contract in which a fixed rate is swapped with a published daily overnight index rate (the OIS rate is equivalent to the United States Federal funds rate ) funds rate).