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Equity swap 1.
A swap in which at least one of the legs consists of financial flows tied to the performance of a share, share portfolio or sometimes a stock index, while the other leg may consist of flows based on a fixed or floating reference rate, for example LIBOR.
Equity swaps can be designated more specifically as equity index swaps or stock index swaps in cases where flows are tied to the performance of a stock index.
Translations
Synonyms and variations
- Equity-linked swap