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Derivatives | F
Fixed Rate PayerA party to an interest rate swap in which payment is based on a swap rate or the coupon rate of a long-term fixed income security. The fixed rate payer may also make equal payments across successive payment intervals. The “swap buyer” or the “party that is long the swap” also denote the same meaning.
This term could also refer to the issuer of a fixed coupon debt instrument (notes, bonds, etc).
|See also:||Floating Rate Payer|