BASIS SWAP

фин. базисный своп (процентный своп, в котором происходит обмен обязательства с плавающей ставкой, привязанной к какому-л. индексу, на обязательство с плавающей ставкой, привязанной к другому индексу)

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basis swap: translation

A type of interest rate swap in which the net cash flows that the parties agree to exchange are based upon the differences between two different interest rate indexes. Banks use basis swaps to hedge basis risk by locking in a net interest rate spread between a variable rate cost of funds tied to one index and a variable rate asset tied to a different index.

See interest rate swap and swap. American Banker Glossary