Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Gordon Scott has been an active investor and technical analyst or ...

Swaps are derivative contracts between two parties that involve the exchange of cash flows. One counterparty agrees to receive one set of cash flows while paying the other another set of cash flows.

MUMBAI, Feb 13 (Reuters) - India's state-run Power Finance Corp has invited selected banks to bid on Thursday to swap the coupon on its fixed-rate five-year bond into a floating rate. Banks have been ...