Overnight Index Swap (OIS)
Recently, Indian overnight index swap (OIS) rates rose to their highest levels in 10 months due to offshore paying and triggering of stop losses.
- OIS is a derivative instrument where returns under a fixed-rate asset are swapped against a predetermined published index of a daily overnight reference rate for an agreed period of time.
- The primary purpose of an OIS is to manage interest rate risk, particularly the risk associated with fluctuations in the overnight lending rate.
- An overnight index swap rate is calculated each day.
- This rate is based on the average interest rate institutions with loans based on the overnight rate have ....
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