CMS meaning in Business ?

Answer:

What is Constant Maturity Swap mean?

A constant maturity swap, also known as a CMS, is a swap that allows the purchaser to fix the duration of received flows on a swap.

The floating leg of an interest rate swap typically resets against a published index. The floating leg of a constant maturity swap fixes against a point on the swap curve on a periodic basis.

A constant maturity swap is an interest rate swap where the interest rate on one leg is reset periodically, but with reference to a market swap rate rather than LIBOR. The other leg of the swap is generally LIBOR, but may be a fixed rate or potentially another constant maturity rate. Constant maturity swaps can either be single currency or cross currency swaps. Therefore, the prime factor for a constant maturity swap is the shape of the forward implied yield curves. A single currency constant maturity swap versus LIBOR is similar to a series of differential interest rate fixes (or "DIRF") in the same way that an interest rate swap is similar to a series of forward rate agreements. Valuation of constant maturity swaps depend on volatilities of different forward rates and therefore requires a stochastic yield curve model or some approximated methodology like a convexity adjustment, see for example Brigo and Mercurio (2006).

reference

Full Form	Category
Société mathématique du Canada	Academic & Science
Canadian Mathematical Society	Academic & Science
Clay Minerals Society	Academic & Science
Kupriakē Mathēmatikē Etaireia	Academic & Science
Cyprus Mathematical Society	Academic & Science
Κυπριακή Μαθηματική Εταιρεία	Academic & Science
中国数学会	Academic & Science
Zhōngguó Shùxuéhuì	Academic & Science
Curriculum Management System	Academic & Science
Chicago Manual of Style	Academic & Science
Clinton-Macomb Public Library, South Branch	Academic & Science
Center of Migration Studies	Academic & Science
Colorado Medical Society	Academic & Science
Comparative Media Studies	Academic & Science
Condition Monitoring System	Academic & Science
Credit Management System	Accounts and Finance
Cost Management System	Accounts and Finance
Scusciuban	Airport Code
Chief marketing offcer	Business
Content Management SystemC	Business
Complaint Management System	Business
Constant Maturity Swap	Business
Commercial Mortgage Securities	Business
Classic Movie Shop	Business
CMS Energy Corporation (formerly Consumers Power Company)	Business
Central Material Services	Business
Chinese Mathematical Society	Business
Claremont Mudd Scripps	Business
Contest Management System	Business
Communication Media Services	Business
Communisis	Business
Compensation Management Specialist	Business
Cash Management Services	Business
Contact Management System	Business
Central Management Services	Business
Claims Management Services	Business
Chiropractic Management Systems	Business
Custom Manufacturing Services	Business
Consultant Management System	Business
Customer Management Strategy	Business
Corporate Management System	Business Management
Calibration Management System	Business Management
Common Management System	Business Management
Cupcake Management System	Business Management
Customs Management System	Business Management
Call Management System	Business Management
Collateral Management System	Business Management
Center for Materials Simulation	Chemistry
Califf Middle School	Community
Chamber Music Society	Community
Charlotte Mecklenburg Schools	Community
Canberra Multicultural Service	Community
Center for Medicare Services	Community
Central Magnet School	Community
Compact Music System	Community
Church Management System	Community
College Music Society	Community
Conference Management System	Community
Call Management Server	Computer and Networking
Call Management Signaling	Computer and Networking
Circuit Multiplication System	Computer and Networking
Clustered Mailbox Server	Computing
Cable Modems	Computing
Central Management System	Computing
Continuous Management Service	Computing
Circuit Maintenance System	Computing
Communications Management Subsystem	Computing
Control Message Service	Computing
Code Morphing Software	Computing
Cable Management System	Computing
Classic Mole Style	Computing
Certificate Management Service	Computing
Card Management System	Computing
Concurrent Mark Sweep	Computing
Cryptographic Message Syntax	Computing
Color Matching System	Computing
Content Management Server	Computing
Compiler Monitor System	Computing
Configuration Management System	Computing
Computer Management System	Computing
Cisco Cluster Management Suite	Computing
Course Management System	Computing
Central Management Server	Computing
Candle Management Server	Computing
College Management System	Educational Institute
College of Martial Science	Educational Institute
Coordinate Measuring System	Electronics
Circulation Motor Sensory	General
Center for Migration Studies	General
Carbogenic Molecular Sieves	General
Carbon Monitoring System	General
Complicating My Sh*t	General
Core Mission System	General
Criticom Monitoring Services	General
Content Mangement System	General
Collision Mitigation System	General
Cornish Motorcycle Salvage	General
Collision Mitigation Sensor	General
Chieftec Modul System	General
Crash Management System	General
Composition Media System	General
Charlotte Motor Speedway	General
Changeable Message Signs	General
Classic Motor Show	General
Catalyst Monitor Sensor	General
Current Models and Services	General
Charge Management System	General
Collision Management System	General
Congestion Management System	General
Camera Monitor System	General
C Messaging Service	General
Centimeters	General
Circulation Motion Sensation	General
Cabernet, Merlot, and Syrah	General
Complete Mess Situation	General
Custom Menu System	General
Cab Merlot And Syrah	General
Cabernet Merlot Syrah	General
Content Managment System	General
Car Mechanic Simulator	General
C Marine Scape	General
Camera Mirror Replacement System	General
Common Message Switch	General
Citywide Mobility Survey	General
Commercial Motor Show	General
Chengdu Motor Show	General
Ceylon Motor Show	General
Colombo Motor Show	General
Car Marketing System	General
Camaro Ls	General
Certified Medical Secretary	General
Complete Matched Set	General
Clay Metamorphic Servant	General
Compact Muon Selenoid	General
Consumer Metering Station	General
Coordinate Measurement System	General
Made Simple	General
Convention on Migratory Species	General
Central Maintenance System	General
Cabin Management System	General
Crew Management System	General
Colonies Military Service	Governmental
Center Mounted Shifter	Governmental
CoMmunist pro-Soviet	Governmental
Changeable Message Sign	Governmental
Centres for Medicare & Medicaid Services	Governmental
Chaos, Misery, and Suffering	Governmental
Centers for Medicare and Medicaid Services (formerly Health Care Financing Administration)	Governmental
Children's Medical Services	Governmental
Center for Medicare & Medicaid Services	Governmental
Correctional Medical Services	Governmental
Central Marine Services	Governmental
Case Management System	Governmental
Central Monitoring Service	Governmental
Centers for Medicare and Medicaid Services (DHHS) (formerly HCFA)	Governmental
Centers for Medicare & Medicaid Services (prev. HCFA)	Governmental
Centers for Medicare & Medicaid Services	Governmental
HHS Centers for Medicare and Medicaid Services	Governmental
Centers for Medicare and Medicaid Services	Healthcare
Content Management System	Information Technology
Conventia privind Conservarea speciilor Migratoare de animale Salbatice - Bonn	International
Centers for Medical Services	Medical
Canters for Medicaid’s and Medicare Services	Medical
Congenital Myasthenic Syndrome	Medical
Center for Medical Services	Medical
Chiari malformations	Medical
CardioMyopathy Syndrome	Medical
Chorioamniotic Membrane Separation	Medical
Chronic Maxillary Sinusitis	Medical
Clinical Management Support	Medical
Clinical Management System	Medical
Community Midwifery Service	Medical
Complement-Mediated Solubilisation	Medical
Congenital Mitral Stenosis	Medical
Congenital Myasthenic Syndromes	Medical
Contract Management System	Medical
Chief Master Sergeant	Military and Defence
Counter-mine System	Military and Defence
Cockpit Management System	Military and Defence
Community Management Staff	Military and Defence
Comsec (communications Security) Materiel System	Military and Defence
Contingency Mutual Support	Military and Defence
Communications Management System	Military and Defence
Crisis Management System	Military and Defence
Combat Mission Simulator	Military and Defence
Container Management System	Military and Defence
Court-martialled and Shot	Military and Defence
Conversational Monitor System	Military and Defence
Central Monitoring Station	Networking
Corporate Messaging Solution	Networking
Compact Muon Solenoid	Physics Related
Church Missionary Society	Regional
Church Mission Society	Society & Culture
Content Management Software	Softwares
Conversation Monitoring System	Softwares
Content Management Systems	Softwares
Color Management System	Softwares
Competency Management System	Space Science
Cambridge Monitoring System (computer Program)	Space Science
Command Management System	Space Science
Chronic Mountain Sickness	Sports
Creator Management System	Stock Exchange