Skip to the main content

Tourism and hospitality management, Vol. 10 No. 3-4, 2004.

Preliminary communication

https://doi.org/10.20867/thm.10.3-4.12

FINANCIAL DERIVATIVES - INTEREST RATE SWAP

Zoran Ivanović ; Faculty of tourism and hospitality management, University of Rijeka, Opatija, Croatia
Elvis Mujačević orcid id orcid.org/0000-0003-3991-9324 ; Faculty of tourism and hospitality management, University of Rijeka, Opatija, Croatia

Full text: croatian pdf 4.425 Kb

page 161-168

downloads: 1.895

cite

Abstract

Swap as a portfolio of forward contract is a financial derivative traded on the over-the-counter market. In its basic form, swap is based on the exchange of future cash flows between two market participants in accordance with the agreed terms. The cash flows that are exchanged are the interest payments and in some circumstances even the notional amount, and transactions are carried out in a period of two to thirty years. Swaps first appeared in 80's, and have evolved from back-to-back loans.

Keywords

financial derivatives; swap; coupon swap; fixed rate payor; floating rate payor

Hrčak ID:

181430

URI

https://hrcak.srce.hr/181430

Publication date:

30.12.2004.

Article data in other languages: croatian

Visits: 3.299 *