Define: Basis Swap

Business, Legal & Accounting Glossary

Definition: Basis Swap



What is the dictionary definition of Basis Swap?

Dictionary Definition


A basis swap is an interest rate swap which involving exchange of two floating rate financial instruments denominated in the same currency. A floating-floating interest rate swap under which the floating rate payments are referenced to different bases.


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Basis Swap. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 07, 2020 https://payrollheaven.com/define/basis-swap/.
Chicago Manual of Style (CMS):
Basis Swap. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/basis-swap/ (accessed: April 07, 2020).
American Psychological Association (APA):
Basis Swap. PayrollHeaven.com. Retrieved April 07, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/basis-swap/

Definition Sources


Definitions for Basis Swap are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 13th February, 2020