Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• TANKER FREIGHT SWAP
  
  A Swap (q.v.) with payoffs that depend on an average of tanker shipping rates. Citibank and Mallory Jones introduced the OTC product ca. 1996 November. (Source: Hampton, Michael. "The shipping forecast." FOW (November 1996): 12-13.)
  
  Back