Performance Index Paper - PIP

Dictionary Says

Definition of 'Performance Index Paper - PIP'

A short-term paper on which the rate is denominated and paid in a base currency. However, the rate movement is based on the exchange rate with an alternate currency.

Investopedia Says

Investopedia explains 'Performance Index Paper - PIP'

This is a commercial-paper variation of the currency coupon swap.

Video Definition


Related Articles

Trading Center
Partner Links