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FAIRMAT

Range Accrual Interest Rate Swap

Range Accrual Interest Rate Swap are  characterized by a Range Accrual clause on Party B floating payment. The Range Accrual is usually a kind  of interest accrual in which the coupon rate (Rate) is only earned on days when another rate (Driver Rate), from which the coupon derives, drop in a specific range. In details, Rate and Driver Rate are equal for this template.


Downloads: template, documentation.