Interest rate swaps and other derivatives Interest rate swaps allow counterparties to exchange fixed rate streams of payment for floating ones. The first swap was executed over thirty years ago and since then the interest rate swaps market and other related derivative markets have grown and diversified in phenomenal directions. Today interest rate swaps and other derivatives are used by myriad institutional investors for the purposes of risk management expressing a view on the market and exploiting market opportunities that are otherwise unavailable using more traditional financial instruments.In this volume Howard M. Corb furthe