Asset Swap
An asset swap combines a bond position with a swap to transform fixed or credit-sensitive cash flows into floating-rate exposure.
Interest-rate swap, overnight index swap, asset swap, HJM model, inflation swap, zero-coupon swap, and zero-coupon inflation swap terms.
Interest-Rate and Inflation Swaps is the financial-instruments landing page for swap mechanics, ISDA documentation, notional principal, interest-rate swaps, currency swaps, credit derivatives, total-return swaps, variance swaps, volatility swaps, and inflation swaps. It keeps related terms in one branch so readers can move from a broad instrument question to the article that owns the contract evidence.
Use this page when a swap or rate-linked derivative changes cash-flow exchange, counterparty exposure, hedging, or valuation. Use the parent Swaps, Rates, and Credit Derivatives page when you need the broader instrument map. For an individual decision, confirm the contract, term sheet, prospectus, confirmation, exchange specification, or disclosure record before relying on the term.
Use the table below to move from this landing page into the term page that best matches the instrument evidence.
| Term | Use it for |
|---|---|
| Asset Swap | Asset Swap helps define exchanged cash flows, notional exposure, counterparty terms, or swap valuation inputs. |
| Heath-Jarrow-Morton (HJM) Model | Heath-Jarrow-Morton (HJM) Model is a swap or rate-derivative term used to place the narrower article in the right contract, payoff, settlement, and risk context. |
| Inflation Swap | Inflation Swap helps define exchanged cash flows, notional exposure, counterparty terms, or swap valuation inputs. |
| Interest-Rate Derivative | Interest-Rate Derivative is a swap or rate-derivative term used to place the narrower article in the right contract, payoff, settlement, and risk context. |
| Interest Rate Swap | Interest Rate Swap helps define exchanged cash flows, notional exposure, counterparty terms, or swap valuation inputs. |
| Overnight Index Swap (OIS) | Overnight Index Swap (OIS) helps define exchanged cash flows, notional exposure, counterparty terms, or swap valuation inputs. |
| Zero-Coupon Inflation Swap (ZCIS) | Zero-Coupon Inflation Swap (ZCIS) helps define exchanged cash flows, notional exposure, counterparty terms, or swap valuation inputs. |
| Zero-Coupon Swap | Zero-Coupon Swap helps define exchanged cash flows, notional exposure, counterparty terms, or swap valuation inputs. |
An interest-rate swap can convert fixed-rate debt exposure into floating-rate exposure without refinancing the underlying loan.
Rate & Inflation Swaps content is educational and does not provide personalized investment, tax, legal, accounting, valuation, derivatives, or securities advice.
Choose a subsection first. Deeper term pages live inside each subsection, which keeps large topic hubs readable.
An asset swap combines a bond position with a swap to transform fixed or credit-sensitive cash flows into floating-rate exposure.
The Heath-Jarrow-Morton model describes forward-rate dynamics used to value interest-rate-sensitive securities and manage term-structure risk.
An inflation swap transfers inflation risk by exchanging fixed payments for payments linked to an inflation index.
An interest rate swap exchanges fixed-rate and floating-rate cash flows, usually to manage borrowing, asset, or yield-curve exposure.
An interest-rate derivative is a contract whose value depends on rates, yield curves, or rate indexes, often used for hedging or speculation.
An overnight index swap exchanges a fixed rate for compounded overnight benchmark rates over the swap term.
A zero-coupon inflation swap exchanges a fixed inflation rate for realized inflation in a single settlement at maturity.
A zero-coupon swap concentrates one leg's payments into a lump-sum settlement instead of periodic swap cash flows.