index swap การใช้

• An equity swap, like an equity index swap, is an agreement between two parties to swap two sets of cash flows.
• An equity index swap is an agreement between two parties to swap two sets of cash flows on predetermined dates for an agreed number of years.
• Take a simple index swap where Party A swaps ?, 000, 000 at LIBOR + 0.03 % ( also called LIBOR + 3 basis points ) against ?, 000, 000 ( FTSE to the ?, 000, 000 notional ).
• The company, which has not divulged the total amount of the loss, had a total outstanding balance of 97 billion yen ( dlrs 742 million ) of interest swap contracts and stock-index swap contracts at the end of March 1997, according to the Nikkei.
• The company had a total outstanding balance of 97 billion yen ( dlrs 742 million ) of interest swap contracts and stock-index swap contracts at the end of March 1997 _ an amount equal to nearly half of Yakult's total outstanding stockholders'equity, the newspaper report said.