Termination Date
Definition of 'Termination Date'The day on which a swap contract becomes invalid and no further exchanges will occur. A final payment is made upon a swap's termination.The termination date is also referred to as a swap's "expiration date". |
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Investopedia explains 'Termination Date'Unlike futures contracts, swaps are not standardized, allowing for more customized terms. While traded futures will all be settled on the third Friday of the expiration month, a swap may be terminated on whichever date the parties agree to. |
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