Interest Rate Swaps

Interest Rate Swaps are analyzed, considering a variety of different structures, pricing and valuation, & applications.
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346 students enrolled
Instructed by Paul Siegel Business / Finance
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  • Lectures 20
  • Length 3.5 hours
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 3/2014 English

Course Description

This course looks at interest rate swaps in detail. First, swaps in general are introduced, then we will be looking at the structure of the most common type of interest rate swap - the fixed or floating interest rate swap. We will also consider a variety of different structures, pricing and valuation, and applications - both risk management and speculative.

This course contains 20 lectures within 5 sections:

  • Introduction to Interest Rate Swaps
  • Risk Management of Floating Rate Liabilities
  • OTC Clearinghouses
  • Swap Pricing and Valuation
  • Risk Management with Interest Rate Swaps

What are the requirements?

  • A financial calculator is recommended for this course.
  • Knowledge of the English language.

What am I going to get from this course?

  • You'll learn about pricing interest rate swaps
  • You'll learn the applications of interest rate swaps
  • You'll learn the features and functions of OTC clearinghouses and how they work
  • You'll learn various risk concerns with interest rate swaps and solutions for risk management

Who is the target audience?

  • Relationship managers (0-5 years) in commercial, corporate and investment banking.
  • Analysts and associates in commercial, corporate and investment banking.

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.


Section 1: Introduction to Interest Rate Swaps

Instructor Doug Carroll introduces the course.


Instructor Doug Carroll discusses the basics of interest rate swaps.


Instructor Doug Carroll discusses the features of interest rate swap contracts.

Section 2: Risk Management of Floating Rate Liabilities

Instructor Doug Carroll discusses fixed for floating rate swaps.


Instructor Doug Carroll discusses periodic settlement payments on interest rate swaps.


Instructor Doug Carroll discusses hedging cash flow uncertainty with interest rate swaps.


Instructor Doug Carroll discusses net interest cost of a synthetic fixed coupon bond.

Section 3: OTC Clearinghouses

Instructor Doug Carroll discusses OTC clearinghouses.


Instructor Doug Carroll discusses the cleared swap versus OTC swaps ex-clearinghouse.


Instructor Doug Carroll discusses how OTC clearinghouses function.

Section 4: Swap Pricing and Valuation

Instructor Doug Carroll discusses how to handle terminating a swap before maturity.


Instructor Doug Carroll discusses interest rate swap pricing.


Instructor Doug Carroll discusses pricing fixed for floating interest rate swaps.


Instructor Doug Carroll discusses valuing swaps and hedging cash flow uncertainty.

Section 5: Risk Management with Interest Rate Swaps

Instructor Doug Carroll discusses managing cash flow risk of fixed and floating rate assets.


Instructor Doug Carroll discusses basis in terms of fixed versus floating swaps.


Instructor Doug Carroll discusses capital market equivalents for the fixed and floating rate payers.


Instructor Doug Carroll discusses value heding and asset swaps.


Instructor Doug Carroll discusses variations in the structure of interest rate swaps.


Instructor Doug Carroll discusses structuring and pricing basis swaps and concludes the course.

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Instructor Biography

Paul Siegel, Education you can bank on

We deliver superlative, hands-on and practical corporate and investment banking education that you can use immediately in your job, or that next great job you are looking to start. We focus on making complex subjects readily understandable and usable. If you want to take a great leap forward in your finance career, we are here to make that happen.

Our instructors are practitioners who have worked in the field of finance. They relate the subjects covered to real work situations you will encounter in your banking job. So, the concepts are real, the coverage is at the right level of depth, and the material is easy to absorb.

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