Equity for Float Swap Valuation

An equity-for-float swap is an agreement between two counterparties to exchange the dividends and capital gains realized on an equity portfolio for a floating rate of interest. When the reset dates for the equity leg and for the floating leg are different, a new dividend payment option is now available, where the user can specify that dividends be paid according to the floating payment dates.https://ia904700.us.archive.org/27/items/partial-payoff-swap/PartialPayoffSwap.pd