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Posts Tagged ‘fixed rate’

One of the many financial products available is the swap interest rate

During the past years there have been many new mortgage products and not always the clients and the banking institutions totally understand the benefits and losses of these new products, for this reason a judge has just stopped, for the first time in Spain, the execution of a SWAP.

For those that are not up to date with all these terms, SWAP is a financial exchange of interest rates, a complex financial product thought for companies and self-employed people, to seal an agreement between the parties, where the loans will be referenced to a fixed rate for a prescribed period, regardless of external changes.

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