Off-market swaps are swaps that are have non-standard terms that require one party to compensate another so the swap can be tailored to the needs of the transacting parties; compensation is usually in the form of an upfront fee or payment.

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Off-market swaps have non-standard terms that are customized to the needs of the parties involved and usually require an upfront fee or payment to compensate for the unique features of the swap.

Off-Market Swaps Are Swaps That Are Have Non-Standard Terms That