swaplet

plural swaplets

1. businessan individual component in a swap

   The "swaplets" are the components of the swap and are discussed below.

   2016, Jan W. Dash, “Interest-Rate Swaps”, in Quantitative Finance and Risk Management: A Physicist's Approach, 2nd edition, World Scientific, →ISBN, page 96

   3 more examples

   Using historical data beginning in January 1990, each week they construct an arbitage portfolio containing a short position in a forward swaplet (i.e., a single payment swap) and a short Eurodollar futures position and then calculate what would have been the profit and loss (P/L) on the position after one week.

   1997, James A. Overdahl, Barry Schachter, “The Mechanics of Zero-Coupon Yield Curve Construction”, in Anthony G. Cornyn, Jess Lederman, Robert A. Klein, editors, Controlling & Managing Interest-Rate Risk, New York Institute of Finance, via the Internet Archive, →ISBN, retrieved 07 Aug 2026, page 161

   […] each piece of cash flows of a CMS swap (a so-called swaplet) […]

   2009, Lixin Wu, “Volatility and Correlation Adjustments”, in Interest Rate Modeling: Theory and Practice, CRC Press, →ISBN, page 284

   […] the payout […] is equal to the cash flow in an individual period resulting from paying fixed in a swap (known as a swaplet).

   2012, Howard Corb, “Caps and Floors”, in Interest Rate Swaps and Other Derivatives, Columbia University Press, →ISBN, page 137