Termination Date

Termination Date
The day on which a swap contract becomes invalid and no further exchanges will occur. A final payment is made upon a swap's termination.

The termination date is also referred to as a swap's "expiration date".

Unlike futures contracts, swaps are not standardized, allowing for more customized terms. While traded futures will all be settled on the third Friday of the expiration month, a swap may be terminated on whichever date the parties agree to.


Investment dictionary. . 2012.

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