Overnight Index swap an interest rate swap involving the overnight rate being exchanged for some fixed interest rate.

隔夜指数掉期指将隔夜利率交换成为若干固定利率的利率掉期。

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He suggests an overnight index swap rate.

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The recent action was to extend their maturity (to February 1, 2013) and lower the rate from the U.S. dollar OIS (overnight index swap) rate plus one percent to plus one-half percent.

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These central banks have agreed to lower the pricing on the existing temporary U.S. dollar liquidity swap arrangements by 50 basis points so that the new rate will be the U.S. dollar overnight index swap (OIS) rate plus 50 basis points.

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