The exchange of two securities, interest rates, or currencies for the mutual benefit of the exchangers. For example, in an interest rate swap, the exchangers gain access to interest rates available only to the other exchanger by swapping them. In this case, the two legs of the swap are a fixed interest rate, say 3.5%, and a floating interest rate, say LIBOR + 0.5%. In such a swap, the only things traded are the two interest rates, which are calculated over a notional value. Each party pays the other at set intervals over the life of the swap.
As of this writing, Cards Against Humanityâs Black Friday Hole has raised just under $29,000, which is enough to pay for 28 hoursâ worth of digging. [Featured Image by chrisdorney/Shutterstock] Share 0
Cards Against Humanity is a party game in which players complete fill-in-the-blank statements using mature-content phrases printed on playing cards. The game is available as a free download that players can print to create their own cards, and also available to purchase in published hardcopy.