人民币利率互换是指交易双方在约定的一段时间内,根据双方签订的协议,在一笔名义人民币本金数额的基础上互相交换具有不同性质的人民币利率(浮动利率或固定利率)款项的支付。典型的人民币利率互换是在交易中交易双方无论在交易的初期、中期还是末期都不交换人民币本金,交换的是人民币的利率,交换的利息现金流量按一定数量的名义 RMB interest rate swap refers to the transaction between the parties in a period of time, according to the agreement signed by both parties, on the basis of a nominal amount of the principal amount of Renminbi exchange of different nature of the RMB interest rate (floating rate or fixed rate) payments . The typical exchange rate of RMB interest rate is that both parties to the transaction do not exchange RMB principal during the initial, middle or last trading periods of the transaction, exchange the interest rate of RMB, and exchange the interest cash flow according to a certain number of nominal