Leveraged SwapA swap that achieves a lower cost of funding than is normally available, but exposes the borrower to compounded risk if interest rates rise.
杠杆率掉期能够获得比通常较低的筹资成本,但如果利率升高就会使借款人有复杂风险的互换。
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Credit Swap/Credit Default SwapA swap that allows the transfer of credit risk of a security to a third party, responsible for payment of principal and interest on default.