What is a bank swap rate
All Scheduled Commercial Banks/ Primary Dealers/ All India Financial Institutions . Dear Sirs,. Forward Rate Agreements/ Interest Rate Swaps. In the Governor's Note: Telephone conversations with. Bendigo and Adelaide Bank Financial. Markets may be recorded for dispute resolution purposes. You should also keep this In what's known as a payer swap, the mortgagor exchanges a fixed rate for a variable rate, such as a LIBOR-based rate. In this arrangement the bank acts as the