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INTEREST RATE SWAP – SNA

Statistics Directorate    
French Equivalent: Taux d'intérêt d'échange – SCN

Definition:
An interest rate swap contract involves an exchange of cash flows related to interest payments, or receipts, on a notional amount of principal, which is never exchanged, on one currency over a period of time; settlements are often made through net cash payments by one counterparty to the other.

Source Publication:
SNA 11.38.

Cross References:
Foreign exchange swap
Interest rate swap – BPM
Swaps – cross-currency interest rate

Hyperlink:
http://esa.un.org/unsd/sna1993/introduction.asp

Version Indicator: SNA

Statistical Theme: Financial statistics

Created on Tuesday, September 25, 2001

Last updated on Tuesday, November 13, 2001