In interest rate swap transaction, party who pays fixed payments of interest is classified as

In interest rate swap transaction, party who pays fixed payments of interest is classified as Correct Answer swap buyer

In interest rate swap transaction, party who pays fixed payments of interest is classified as swap buyer. A swap is a derivative contract through which two parties exchange the cash flows or liabilities from two different financial instruments. Most swaps involve cash flows based on a notional principal amount such as a loan or bond, although the instrument can be almost anything.
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