A zero-coupon swap involves the exchange of cash flows where the fixed-rate side pays a lump sum at maturity. Learn its key ...

A callable swap allows one party to exchange fixed for variable rate cash flows but includes an option to terminate early, providing flexibility in financial contracts.

The implementation of swap lines is one of the most consequential financial decisions taken by the Federal Reserve in recent times. Yet few people have even heard of them. I know, because when I talk ...

What is a Swap Power and Why do you Care? A “swap power” is also called a “power to substitute.” It is a special right reserved to you (or someone else) in a trust you create while you are alive. This ...