If the BBSW is below the swap rate at the start of the swap period, the fixed-rate payer pays the cash settlement at the end of the payment period.

Name: If the BBSW is below the swap rate at the start of the swap period, the fixed-rate payer pays the cash settlement at the end of the payment period.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If the BBSW is below the swap rate at the start of the swap period, then the fixed-rate payer will receive a cash settlement at the end of the payment period.

If the BBSW Is Below the Swap Rate at the Start