I have been working as a financier for 20+ years, but I have never used swaps in my practice. It is a very interesting way to fix financial costs, but Ukrainian banks do not provide such services. I read about the swaps in P4 exam textbook. It seems that P4 examiner also likes the swaps and puts it into exam questions.
The first interest rate swap occurred between IBM and the World Bank in 1981.
The first interest rate swap occurred between IBM and the World Bank in 1981.
