Why Can Parties Enter a Plain Vanilla Interest Rate Swap

question 85

Essay

Why can parties enter a plain vanilla interest rate swap without paying for the privilege?

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Definitions:

Department Stores

Department stores are large retail establishments that offer a wide range of consumer goods in different areas or departments such as clothing, household goods, and electronics, under one roof.

League of Women Voters

An organization founded in 1920 to support women's suffrage and to educate voters on public policy issues.

Equal Rights Amendment

A proposed amendment to the United States Constitution aimed at guaranteeing equal legal rights for all American citizens, regardless of sex.

Legislation

Laws or legal statutes that have been enacted by a governing body, such as a parliament or congress.