# InterestRateSwap

- [OpenAPI fragment](https://www.lusid.com/docs/api/lusid/schemas/InterestRateSwap.json)
- [Rendered page](https://www.lusid.com/docs/api/lusid/schemas/InterestRateSwap)

LUSID representation of an Interest Rate Swap, including:

  Vanilla (single currency fixed-float non-amortising)
  CrossCurrency (>1 currency is used by the swap legs)
  Basis (single currency, floating-floating legs of different tenors)
  Amortising (the swap has 1+ leg with amortised notional)
            
This instrument has multiple legs, to see how legs are used in LUSID see knowledge base article KA-02252.
            
| Leg Index | Leg Identifier | Description |
| --------- | -------------- | ----------- |
| 1 | Pay/Receive | Cash flows representing the pay/receive leg. |
| 2 | Receive/Pay | Cash flows representing the receive/pay leg. |
| 3 | AdditionalPayments | Cash flows relating to any additional payments (optional). |

## Referenced schemas

- [InstrumentLeg](https://www.lusid.com/docs/api/lusid/schemas/InstrumentLeg.txt)
- [AdditionalPayment](https://www.lusid.com/docs/api/lusid/schemas/AdditionalPayment.txt)
- [TimeZoneConventions](https://www.lusid.com/docs/api/lusid/schemas/TimeZoneConventions.txt)

## Used by schemas

- [LusidInstrument](https://www.lusid.com/docs/api/lusid/schemas/LusidInstrument.txt)
- [InterestRateSwaption](https://www.lusid.com/docs/api/lusid/schemas/InterestRateSwaption.txt)

[< Schemas](https://www.lusid.com/docs/api/lusid/schemas/llms.txt)