Dictionary

swaplet en · NOUN

Pronunciation

• /ˈswɑplət/ (US)
• /ˈswɒplət/ (UK)

Etymology

Etymology tree Middle English swappen English swap Proto-Indo-European *-lós Proto-Indo-European *-elós Proto-Italic *-elos Latin -lus Latin -ellus Old French -el Proto-Indo-European *-tós Proto-Italic *-tosder.? Late Latin -ittus Old French -et Old French -eletbor. Middle English -let English -let English swaplet From swap + -let.

Meanings

1. an individual component in a swap
   • Using historical data beginning in January 1990, each week they construct an arbitage portfolio containing a short position in a forward swaplet (i.e., a single payment swap) and a short Eurodollar futures position and then calculate what would have been the profit and loss (P/L) on the position after one week. 1997, James A. Overdahl, Barry Schachter, “The Mechanics of Zero-Coupon Yield Curve Construction”, in Anthony G. Cornyn, Jess Lederman, Robert A. Klein, editors, Controlling & Managing Interest-Rate Risk, New York Institute of Finance, via the Internet Archive, →ISBN, retrieved 07 Aug 2026, page 161:
   • The "swaplets" are the components of the swap and are discussed below. 2016, Jan W. Dash, “Interest-Rate Swaps”, in Quantitative Finance and Risk Management: A Physicist's Approach, 2nd edition, World Scientific, →ISBN, page 96:
   • […] the payout […] is equal to the cash flow in an individual period resulting from paying fixed in a swap (known as a swaplet). 2012, Howard Corb, “Caps and Floors”, in Interest Rate Swaps and Other Derivatives, Columbia University Press, →ISBN, page 137:
   • […] each piece of cash flows of a CMS swap (a so-called swaplet) […] 2009, Lixin Wu, “Volatility and Correlation Adjustments”, in Interest Rate Modeling: Theory and Practice, CRC Press, →ISBN, page 284:

Forms