plain vanilla

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Related to Interest rate swap: Currency swap

plain vanilla

[′plān və′nil·ə]
(computer science)

plain vanilla

The bare minimum of functions available in an application or system. Contrast with bells and whistles.
References in periodicals archive ?
An interest rate swap enables two counterparties to swap interest rates for a specific period, typically with one rate fixed and the other an agreed-upon floating rate, such as the three-month Libor (London interbank offered rate).
Parties to an interest rate swap agreement have the right of early
ASC 815-20-25-102 through 25-111 and ASC 815-20-55-71 through 55-73 provide detailed guidance as to when an interest rate swap contract is perfectly effective; these criteria are referred to as the "shortcut method." The shortcut method simplifies hedge accounting for interest rate swap contracts significantly.
Eris Interest Rate Swap Futures listed on Eris are cleared by CME Clearing, and are based on the Eris Methodology, an award-winning product design for constructing swap futures in a capital-efficient manner through intellectual property, expertise and patent-pending innovations.
Looking forward, the JSE expects trading of the IRS Swap Futures to pick up in the last quarter of 2015 as clients are in the process of ensuring their systems are equipped to start trading the new Eris Interest Rate Swap (IRS) futures.
The same holds true for interest rate swaps. The goal is to keep from getting burned.
When the simplified hedge accounting approach is elected, the interest rate swap may be measured at its settlement amount instead of its fair value.
Lawyers representing victims of the 'interest rate swaps' scandal are calling on the banks to stop the bonus payments until all businesses affected by the mis-selling of interest rate swaps have agreed "Some businesses that have been affected by the interest rate swaps have already been forced to close, while others will inevitably "For example, many offers fail to take account of a customer's consequential losses."
As a result, the FCA ruled banks had missold interest rate swaps to about 40,000 firms and the potential compensation could reach as much as PS10bn.
Located in Central Florida, Swap Negotiators provides advocacy, expertise, and advice on interest rate swap contracts for commercial borrowers and works in partnership with banks, commercial real estate attorneys and mortgage brokers to provide transparent pricing, valuations and ongoing support for the life of a swap.
Bill Haslam, who is a holiday resort owner from Cornwall and is a director of Bully Banks, says an interest rate swap he took out on a loan ended up costing him PS1.5million.
The interest rate swap products further enhance Barclays' global electronic execution capabilities, where it is already a leading electronic liquidity provider in EM FX across cash and non-deliverable forward markets.

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