Zero Basis Risk Swap (ZEBRA)
Zero Basis Risk Swap (ZEBRA) - Definition An Interest Rate Swap between a municipality and a financial institution. The municipality is the fixed rate payer and the financial institution is the floating rate payer. The floating rate the financial institution pays (and that the mu
What is Zero Basis Risk Swap (ZEBRA)?
Zero Basis Risk Swap (ZEBRA) - Definition An Interest Rate Swap between a municipality and a financial institution. The municipality is the fixed rate payer and the financial institution is the floating rate payer. The floating rate the financial institution pays (and that the mu
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