Swaps that begin more than one year in the future. The terms are fixed before the start date. Also known as a deferred-start swap.
a swap in which payments are fixed before the start date â€“ used when one party expects market rates to rise soon, but will not need funds until later. see also deferred swap
A swap that begins more than one year after the contract is first agreed to, with contract terms that are fixed before the contract start date. Also referred to as a deferred start swap.