manage its exposure to interest rate movements, Companyenters into interest rate swaps, interest rate caps, forward locks, and treasury locks (together, the “Financial Transactions”). In some cases, the Financial Transactions entered into by Company are integrated with the related debt instruments under §1.1275-6 of the Income Tax An interest rate swap is a financial derivative that companies use to exchange interest rate payments with each other. Swaps are useful when one company wants to receive a payment with a variable interest rate, while the other wants to limit future risk by receiving a fixed-rate payment instead. Interest rate swap adalah suatu perjanjian antara dua pihak baik untuk melunasi pembayaran hutang masing-masing pihak maupun untuk saling menerima pembayaran sekuritas dalam periode waktu tertentu.. Pihak-pihak dalam interest rate swap (pertukaran tingkat bunga) sepakat untuk saling bertukar uang tunai selama periode waktu tertentu dengan interval waktu yang sudah ditentukan.