More

Asset Swap

Forward Starting Swap

Also known as Forward Forward Swap, Delayed Start Swap, Deferred Swap
This is a swap that starts at some future date with the maturity and swap rate specified today

This removes exchange rate risk

This is a swap that comes into effect at a forward start date

Example
An investor wants to sell EUR in 1 months time and buy it back in 3 months time.

This is the equivalent to the following two swaps
1) Buy EUR spot and sell EUR 1 month forward
2) Sell EUR spot and but EUR 3 month forward

Steepener

These are a type of interest rate swap derived from long and short term interest rates
Bond Curve Steepener Trade
A strategy that benefits from an increase in yield spread between two bonds of different maturities
For example your strategy might be to buy the 5 year treasury and sell the 10 year treasury.
If the fed lowers interest rates it weakens the dollar, so less people will buy the 10 year.
The drop in demand will cause its price to fall, causing its yield to increase.
The larger the yield spread (ie the steeper the curve) the more money you make

Zero Coupon Swap

Known as ZCS
This is an exchange of income streams when the fixed-rate payments are made in one lump sum

Constant Maturity Swap

This is a swap in which the reference rate is a treasury note with a constant maturity

Amortising Swap

The schedule specifies that the notional principal decreases over time.

Accreting Swap

The schedule specifies that the notional principal increase over time.