Interest rate swaps

Introductory discussion and worked example on interest rate swaps (Interest rate risk management). Useful for ACA FM and SBM, ACCA F9 and P4, CIMA P3 Counterparties, counterparty, exchange, fixed, floating, variable, principal, long term, plain vanilla, comparitive advantage, saving, split equally, LIBOR, London Inter Bank Offer Rate, ask, offer, bid, rate, bank, EURIBOR, basis points, intermediary, market risk, transparency, favourable, unfavourable 0000018_ACAFMGH