Overnight Indexswap an interest rate swap involving the overnight rate being exchanged for some fixed interest rate.
隔夜指数掉期指将隔夜利率交换成为若干固定利率的利率掉期。
2
Like a swap, issuers of CPDOs get premium income upfront but have to pay out if a company in the index defaults.
和掉期一样，CPDO的发行人最初收入权利金，但是如果指数中的一家企业出现违约，它必须付出赔偿。
3
It may be too costly or impractical to replicate the targeted index completely. To synthesise it, the ETF provider usually enters into a transaction known as a total return swap with a bank.