24-6 A plain vanilla fixed-floating interest rate swap may involve a third party that acts as a broker,but is not likely to have any sophisticated special features.

Question

Quizplus · Accepted Answer

A plain vanilla fixed-floating interest rate swap typically involves only basic features and does not require the involvement of a sophisticated third party. However, a broker may be used to facilitate the swap transaction.

24-6 a Plain Vanilla Fixed-Floating Interest Rate Swap May Involve