Sec. 4. As used in this chapter, “swap agreement” refers to:

(1) an agreement (including terms and conditions incorporated by reference in the agreement) that is a rate swap agreement, basis swap, forward rate agreement, interest rate option, rate cap agreement, rate floor agreement, rate collar agreement, or any other similar agreement (including any option to enter into any of the agreements described in this subdivision);

Terms Used In Indiana Code 8-9.5-9-4

  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • swap agreement: refers to :

    Indiana Code 8-9.5-9-4

(2) any combination of the agreements described in subdivision (1); or

(3) a master agreement for an agreement or a combination of agreements described in subdivision (1) or (2), together with all supplements to the agreement.

As added by P.L.55-1994, SEC.1.