swaplet

English

Etymology

• swap +‎ -let

Pronunciation

• (UK) IPA^(key): /swɒplət/
• (US) IPA^(key): /swɑplət/
• Rhymes: -ɒplət, -ɑːplət

Noun

swaplet (plural swaplets)

1. (finance) an individual component in a swap
   • 2009, Lixin Wu, “Volatility and Correlation Adjustments”, in Interest Rate Modeling: Theory and Practice, CRC Press, →ISBN, page 284:

     […] each piece of cash flows of a CMS swap (a so-called swaplet) […]

   • 2012, Howard Corb, “Caps and Floors”, in Interest Rate Swaps and Other Derivatives, Columbia University Press, →ISBN, page 137:

     […] the payout […] is equal to the cash flow in an individual period resulting from paying fixed in a swap (known as a swaplet).

   • 2016, Jan W. Dash, “Interest-Rate Swaps”, in Quantitative Finance and Risk Management: A Physicist's Approach, 2nd edition, World Scientific, →ISBN, page 96:

     The "swaplets" are the components of the swap and are discussed below.