INDEX AMORTIZING SWAP - IAS
Interest rate swap in which the notional principal amount changes based on the movement of the underlying interest rate. Basically, it is an over-the-counter contract between two parties on an amortizing notional principal swap, which may decline over the lifetime of the swap. The notional principal amortizes or decreases more quickly when short-term interest rates, index to widely used rate index such as LIBOR, drop, and amortizes much slowly when short-term rates increase. Also called index amortizing rate swap or indexed principal swap.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 11:00 | Ifo Business Climate Index | Jan | |
| 11:00 | Ifo Current Assessment | Jan | |
| 11:00 | IFO - Expectations | Jan | |
| 15:30 | Durable Goods Orders | Nov | |
| 16:00 | NBB Business Climate | Jan | |
| 01:50 | Corporate Service Price Index | Dec | |
| 02:01 | BRC Shop Price Index | Jan | |
| 02:30 | NAB Business Confidence | Dec | |
| 04:00 | Credit Card Spending | Dec |
