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Also known as a Period Certain Annuity. Fixed Period Annuity is a term used to describe a specific payout option for an Immediate Annuity contract. When an annuity distribution period begins or the annuitization begins, the annuitant can choose distributions over a fixed period of time.
Commodity swaps. Swaps are an agreement between you and us that fixes the price of an agreed quantity of the relevant commodity (fixed swap price) on a future date (maturity date). Producers. For a producer, a swap allows you to achieve a fixed price on an agreed notional quantity of your product. The transaction is cash settled on the contract maturity date, as we don't take physical delivery of the commodity at the bank.