Variants of basic interest rate and currency swaps
Discuss briefly some of the variants of the basic interest rate and currency swaps.
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Rather than the basic fixed-for-floating interest rate swap, there are as well zero-coupon-for-floating rate swaps where fixed rate payer makes only one zero-coupon payment at the time of maturity on notional value. There exist floating-for-floating rate swaps where each side is tied to the different floating rate index or a dissimilar frequency of the same index. Currency swaps is not required to be fixed-for-fixed; floating-for-floating and fixed-for-floating rate currency swaps are repeatedly arranged. Additionally, both currency and interest rate swaps can be non-amortizing as well as amortizing.
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This exercise does not require you to do any research, and does not require you to cite to any references or external materials. Do not include any constitutional arguments. Like many legal and policy questions
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