Interest rate swaps can be used to change the index which determines the variable rate on a firm's debt.

Name: Interest rate swaps can be used to change the index which determines the variable rate on a firm's debt.
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Interest rate swaps allow firms to exchange their interest rate payment obligations, enabling them to switch between fixed and variable rates or change the index determining their variable rate, thus altering the basis on which the variable rate of their debt is calculated.

Interest Rate Swaps Can Be Used to Change the Index