这种互换给与支付固定利率的一方在双方约定的期限以前终止互换的权利，也就相当于支付固定利率的一方购买了互换的买方期权。

This kind of swap gives the party who pays at fixed rate the right to cease swap before a agreed period. It also means that the party paying at fixed rate buy the option of swap.

youdao

这种互换给与支付固定利率的一方在双方约定的期限以前终止互换的权利，也就相当于支付固定利率的一方购买了互换的买方期权。

This kind of swap gives the party who pays at fixed rate the right to cease swap before a agreed period. It also means that the party paying at fixed rate buy the option of swap.

youdao