Overnight Index Swap

Business, Legal & Accounting Glossary

Definition: Overnight Index Swap


Overnight Index Swap


Full Definition of Overnight Index Swap


Exchange of interest rates by two financial institutions without changing the terms of their loans or having to refinance. The swap usually occurs when one institution has a variable interest rate and the other has a fixed rate and both would like to take over the rate that the other has. The swap then occurs, and is carefully monitored by economists because it gives an idea of the health of the market.


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March 29, 2024 https://payrollheaven.com/define/overnight-index-swap/.
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, from PayrollHeaven.com website: https://payrollheaven.com/define/overnight-index-swap/

Definition Sources


Definitions for Overnight Index 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: 16th November, 2021 | 0 Views.