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In-Arrears Swap
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In-Arrears Swap A structure much like a traditional interest rate swap agreement except that the floating rate is set in-arrears-based on the reference index rate at the end of the reset period-and applied retroactively to the entire period. Also called Arrears Swap, Back End Set Swap, Delayed Reset Swap, Swap-In-Arrears (SIA), LIBOR In-Arrears Swap, Reset Swap. See also Choice LIBOR Swap, Modified Following, In Arrears (2).
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