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YYIIS meaning in General ? |
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Answer» What is Year-on-Year Inflation-Indexed Swap mean? The Year-on-Year Inflation-Indexed Swap (YYIIS) is a standard derivative product over Inflation rate. The underlying is a single Consumer price index (CPI). It is called Swap because each year there is a swap of a fixed amount against a floating amount. But in reality only a one way payment is made (fixed amount - floating amount). reference nan |
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