Calculating the Fixed Rate on a Quarterly-Pay, Plain Vanilla Sezo In practice, our payment periods will likely be quarterly, and our soutes expressed as annualized LIBOR (using 360 days), as in the following use Example: Calculating the fixed rate one swap with quarterly parets The Annualized LIBOR spot rates today are: De Roodoy = 0.030 R180 day = 0.035 R70.day = 0.040 R360 day = 0.045 If you're analyzing a 1-year swap with quarterly payments and a retinal proces amount of $5,000,000. Calculate The fixed rate in percentage terms. The quarterly fixed payments in s doud . + Vanilla OSO O