This video covers the following learning objectives:
1. To Provide background information on swaps
2. Describe the types of swaps that are available
3. Explain the risks of interest rate swaps
4. Explain how interest rate swaps are priced.
5. Identify factors influencing interest rate swap performance.
6. Identify other interest rate derivative instruments that are commonly used
7. Explain how credit default swaps are used to reduce credit risk.
8. Describe how the swap markets have become globalized.