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
by Jose Lambiet. Hall of Fame catcher Johnny Bench paid $3.3 million for this house in the Sawfish Bay Colony area of Jupiter (MLS photo). JUPITER â Hall of Fame catcher Johnny Bench just dropped $3.3 million on a house in Jupiter, Gossip Extra has learned exclusively.And the former Cincinnati Reds star didnât buy the crib from just any old homeowner!tâs a story youâll read only on Gossip Extra: Bench, who won the 1975 and 1976 World Series with the Big Red Machine and is considered by some to be the best catcher ever, just became the proud owner of 397 Old Jupiter Beach Road in Sawfish Bay Colony, records show.