What is the meaning of Floating-rate payer?

In an interest rate swap, the counterparty who pays a rate based on a reference rate, usually in exchange for a fixed-rate payment.

Barry Goldsmith
5
 
|16 years ago|122 views|share |citing 
APABarry Goldsmith. (2010). Floating-rate payer. Retrieved October 2, 2026, from http://smartdefine.org/floating-rate_payer/definitions/1154257
ChicagoBarry Goldsmith. 2010. "Floating-rate payer" http://smartdefine.org/floating-rate_payer/definitions/1154257 (accessed October 2, 2026).
HarvardBarry Goldsmith 2010, Floating-rate payer, Smart Define, viewed 2 October, 2026, <http://smartdefine.org/floating-rate_payer/definitions/1154257>.
MLABarry Goldsmith. "Floating-rate payer" 21 October 2010. Web. 2 October 2026. <http://smartdefine.org/floating-rate_payer/definitions/1154257>