Page 182 - PRIAA Glossary
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ZEEBRUGGE HUB NATURAL GAS TRADING TERMS AND CONDITIONS
A virtual or hypothetical location where natural gas is traded in the Belgian transmission grid. Parties who operate on the hub are required to adhere to the Zeebrugge Breakbulk Terminal (ZBT) terms and conditions which are designed to facilitate the smooth operation of the physical natural gas market.
ZERO COUPON SWAP
A swap where one counterparty pays a floating rate (for example, three month LIBOR) throughout the life of the swap, while the other counterparty makes a single lump sum payment upon the maturity date of the swap.
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