Returns the fair rate for an interest rate swap.

If you wish to use the same SWAP market details as that used to build the YieldCurve, then this function provides the minimal inputs that is required to compute a swap rate.

This function requires the input of a YieldCurve object key, which must have been produced via a call to one of the YieldCurve (CapeTools Curves, CapeTools XCCY Curves or CapeTools Bond Curves) or Credit Default Curves (CapeTools Credit Curves) category of functions.

(You cannot use the DiscountCurve(), ForwardCurve(), ZeroCurve() or FlatYieldCurve() functions as these do not contain enough information for pricing.).

These functions would have returned a string 'KEY' which is to be passed to the 'YCKey' parameter of this function.

If you need to change the details of the SWAP rate, then you can use any of the following functions to compute the SWAP rate, MKTSwap2(), MKTSwap3(), MKTSwap4() or MKTSwap5().

Double CTQryCurves.MKTSwap( _
Long Start, _
Long EndDate, _
String YCKey)

=CT.MKT.MKTSwap(
Excel Numeric Cell Start,
Excel Numeric Cell EndDate,
Excel String Cell YCKey)

static double MKTSwap(
long Start,
long EndDate,
std::string YCKey);

System.Double CTQryCurvesSA.MKTSwap(
System.Int32 Start,
System.Int32 EndDate,
System.String YCKey);

The C# example below contains all the sub-function calls leading up to this function call. As a result, the example can contain a lot of code.

The VB.NET, J#, C++.NET, Java, Excel VBA, Visual Basic 6 (via COM) and C++ examples below contain function code stubs for the calls leading up to this function call. However, the function call for this function is displayed.
You can easily reproduce the stub functions code from the C# example.