A callable swap allows one party to exchange fixed for variable rate cash flows but includes an option to terminate early, providing flexibility in financial contracts.

A zero-coupon swap involves the exchange of cash flows where the fixed-rate side pays a lump sum at maturity. Learn its key ...

CHICAGO, May 26 (Reuters) - Illinois has hired outside consultants at a two-year cost of $525,000 to reduce its exposure to bond-related agreements with banks that could cost the cash-strapped state ...