XBRL Tag: SwapMember
Search Elements:
Taxonomy
us-gaap
Name
SwapMember
Label
Swap [Member]
Period Type
duration
Type
dtr-types:domainItemType
Definition
A forward-based contract in which two parties agree to swap streams of payments over a specified period. The payment streams are based on an agreed-upon (or notional) principal amount. The term notional is used because swap contracts generally involve no exchange of principal at either inception or maturity. Rather, the notional amount serves as a basis for calculation of the payment streams to be exchanged.
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Work with financial data online, in Excel or .