Another customer soon plans to issue debt at a floating rate. Over the next year, the customer expects their credit rating to improve over the next year, and then they will issue fixed-rate debt. Interest rates may rise in the interim, so they want to protect themselves.  

What side of the swap should the customer take?

Answer rating: 100% (QA)

In this case the client intends to issue floatingrate debt but wants to shield themselves from prosp... View the full answer