Index Swap definition

Index Swap means a contract which entitles the buyer of the contract to pay one index price (e.g. First of Month Index) and entitles the seller to pay a different index price (e.g. the daily average). The index swap is settled financially via exchange of cash payment at the expiration of the underlying Futures Contract.
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Index Swap means any securities swap transaction in respect of a securities index or a basket of securities indices.
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Examples of Index Swap in a sentence

  • For purposes of the Equity Definitions, an Index Variance Swap Transaction shall constitute an Index Swap Transaction.

  • The general terms of each Index Dividend Swap Transaction to which this IDS General Terms Confirmation relates are as follows (unless otherwise specified in the relevant Transaction Supplement as defined in the Master Confirmation Agreement), as supplemented by the Transaction Supplement related to such Transaction: For the purposes of the Equity Definitions, an Index Dividend Swap Transaction to which this IDS General Terms Confirmation applies constitutes an Index Swap Transaction.

  • Lender shall have received the Covered Loss Index Swap Agreement duly executed and delivered by Borrower.

  • Further, the parties may specify that any other Index Option Transaction, Index Swap Transaction, Share Option Transaction, or Share Swap Transaction is a Covered Transaction and accordingly will be subject to this Master Confirmation Agreement.

  • Borrower shall have received the Covered Loss Index Swap Agreement duly executed and delivered by Renaissance Reinsurance Ltd.