Constant Maturity Swap - CMS - A variation of the regular interest rate swap, whereby the floating interest portion is reset periodically according to a fixed maturity market rate of a product with a duration extending beyond that of the swap"s reset period.
Constant Maturity Swap - CMS : a variation of the regular interest rate swap, whereby the floating interest portion is reset periodically according to a fixed maturity market rate of a product with a duration extending beyond that of the swap"s reset period.