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One of the derivative securities is IRS and this implies the values of these instruments are determined by the assets that are underlying. IRSВ’ are a derivative security, and it implies their valuation is determined by the underlying assets. In that regard, assets refer to interest rates and loans. A swap involves the exchange of two cash flow streams by two parties. On the contrary, when dealing with swap interest rate, the cash flows refer to the payments of interest based on an amount of money. In this context...

Modern economy is characterized by significant strengthening of integration processes caused by the deepening of relations between countries, international trade liberalization, scientific and technological progress, development of productive forces and the deepening of international labor division. This results in the formation of regional associations, which are evolving progressively into independent centers of the world economy. The article highlights various aspects of the integration processes in the common ...