Index amortizing swaps could be based on LIBOR or mortgage interest rates.
Investment dictionary. Academic. 2012.
index amortizing swap — ( IAS) A type of amortizing interest rate swap in which the notional amount declines or amortizes based upon a specific index such as a mortgage prepayment speed. American Banker Glossary … Financial and business terms
Amortising swap — is usually an interest rate swap in which the notional principal for the interest payments declines during the life of the swap, perhaps at a rate tied to the prepayment of a mortgage or to an interest rate benchmark such as the London interbank… … Wikipedia
Swap (finance) — For the Thoroughbred horse racing champion, see: Swaps (horse).In finance, a swap is a derivative in which two counterparties agree to exchange one stream of cash flows against another stream. These streams are called the legs of the swap.The… … Wikipedia
IAS — index amortizing swap (IAS) A type of amortizing interest rate swap in which the notional amount declines or amortizes based upon a specific index such as a mortgage prepayment speed. American Banker Glossary * * * See International Accounting … Financial and business terms
Adjustable-rate mortgage — A variable rate mortgage, adjustable rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit… … Wikipedia
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