Define: Basis Swap

UK 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.


Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Basis Swap. Payroll & Accounting Heaven Ltd. February 18, 2020
Chicago Manual of Style (CMS):
Basis Swap. Payroll & Accounting Heaven Ltd. (accessed: February 18, 2020).
American Psychological Association (APA):
Basis Swap. Retrieved February 18, 2020, from website:

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.