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In an interest rate swap between AAA who wants to convert fixed rate loan to floating-rate loan and BBB who wants to convert floating-rate loan
- In an interest rate swap between AAA who wants to convert fixed rate loan to floating-rate loan and BBB who wants to convert floating-rate loan to fixed-rate loan:
- AAA Will pays fix rate and receive floating rate for the term of the swap contract
- AAA Will receive floating rate and pay fix rate for the term of the swap contract
- BBB Will pay floating rate and receive fix rate for the term of the swap contract
- BBB Will pay fix rate and receive floating rate for the term of the swap contract
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