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• Exchange of fixed price for a floating for a defined basis product (e.g. a Houston Ship Channel – HSC Swap at $1.00 means that one party is willing to pay a fixed price of $1.00 for the basis while the counterparty is willing to take on the risk of paying the floating price, usually a published index price after the applicable market venue forms the price).

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  Cite Definition for Basis Swaps

  American Psychological Association (APA)

  Basis Swaps. (n.d.). Guide to Market Oversight Glossary. Retrieved February 8, 2023, from website: http://www.expertglossary.com/definition/basis-swaps.

  Chicago Manual of Style (CMS)

  Basis Swaps. www.ferc.gov. Guide to Market Oversight Glossary. FERC. http://www.expertglossary.com/definition/basis-swaps (accessed: February 8, 2023).

  Modern Language Association (MLA)

  "Basis Swaps." Guide to Market Oversight Glossary. FERC. 8 February. 2023 http://www.expertglossary.com/definition/basis-swaps.

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