What is receiver swap?Receiver
The side of a swap that receives fixed and pays floating, which gains when rates fall.
Learn “receiver swap” in an animated lesson
- Interest Rates & SwapsInterest Rate Swaps (IRS)
One side pays a fixed rate and the other pays a floating rate, and they exchange only the net interest. Watch the cash flows go back and forth along the timeline.
- Interest Rates & SwapsSwap P&L and Valuation
Once rates move after signing, the swap's value changes. Drag the rate and see whether the payer or the receiver comes out ahead.
Related terms
See how “receiver swap” works for yourself with an animation you can drag and play.
Go to “Interest Rate Swaps (IRS)”