10 Apr Index Swap Agreement
According to the 2018 statistics on seF`s market share, Bloomberg dominates the credit rate market with 80%, TP dominates the foreign exchange market (46% share), Reuters dominates the customer market (50%), Tradeweb is the most powerful in the vanilla rate market (38% shares), TP the largest platform in the core exchange market (53% share) , BGC dominates both the swap market and the XCS market, the tradition is the largest platform for capes and floors (55% share). The value of a swap is the net worth of all expected future cash flows, essentially the difference between net worth values. A swap is therefore “zero” when it is first launched, otherwise a party would have an advantage, and arbitration would be possible; after this period, however, its value may become positive or negative.  The Bank for International Settlements (BIS) publishes statistics on outstandings in the OTC derivatives market. At the end of 2006, it was $415.2 trillion, 8.5 times more than in 2006. However, since the cash flow generated by a swap corresponds to an interest rate equal to the nominal amount, the cash flow generated by swaps is a significant fraction, but much lower than the gross world product – which is also a measure of cash flow. Most of them ($292,000 billion) were due to interest rate swaps. These are divided by currency: the daily index swap refers to an interest rate swap in which the overnight rate is exchanged for a fixed rate. An overnight index swap uses a day-to-day fund index as the federal funds rate as a base class for the variable socket, while the fixed leg would be determined at a rate agreed upon by both parties. Swap contracts are primarily over-the-counter contracts between companies or financial institutions. Retail investors generally do not participate in swaps.  The general types of swaps are in order of their quantitative importance: interest rate swaps, base swaps, currency swaps, inflation swaps, credit risk swaps, commodity swaps and equity swaps.
There are also many other types of swaps. In this case, Part A (part B) pays a variable rate (LIBOR – 0.03%) on the fiction of 5,000,000 dollars and would receive from Part B any percentage increase of the FTSE stock index applied to nominalists of 5,000,000 dollars.