An 'Interest Rate Swap' Generally Involves

An 'interest rate swap' generally involves:

A) a lender and a borrower agreeing to change a floating interest rate to a fixed interest rate or vice versa
B) two (or more) parties exchanging floating interest rates for fixed interest rates on loans
C) two (or more) parties agreeing to guarantee each others' loan obligations
D) two (or more) parties in different countries agreeing to deal at fixed currency exchange rates