The website www.finpipe.com/intrateswaps.htm provides a brief description of interest rate swaps. Links at the bottom of the screen lead to other descriptions of derivative products, including currency swaps and other types of swaps that you will find interesting. It is a good idea to bookmark this site for future reference. Use it now to see how well you understand interest rate and currency swaps. If you cannot follow the discussions, go back and reread Chapter 14. |