In a fixed-for-floating swap, a floating-rate borrower would agree to pay the swap rate, whereas the fixed-rate borrower would agree to receive the swap rate.

Name: In a fixed-for-floating swap, a floating-rate borrower would agree to pay the swap rate, whereas the fixed-rate borrower would agree to receive the swap rate.
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In a fixed-for-floating swap, the fixed-rate borrower agrees to pay the swap rate, while the floating-rate borrower agrees to receive the swap rate.

In a Fixed-For-Floating Swap, a Floating-Rate Borrower Would Agree to Pay