Why do banks use interest rate swaps?

Related questions

1. Why do banks enter into interest rate swaps?
2. Are interest rate swaps exchange traded?
3. Can you trade penny stocks on eTrade?
4. How are interest swaps priced?
5. Why are swaps used?
6. How swaps are traded?
7. What is the difference between a future and a swap?
8. Do options trade OTC?
9. What happens when a stock drops below $1?
10. What happens if a stock goes to 0?

Tags

1. #derivative
2. #variable
3. #payments
4. #fixed
5. #useful
6. #swaps
7. #financial
8. #instead
9. #payment
10. #while
11. #other
12. #receive
13. #limit
14. #companies
15. #interest
16. #receiving
17. #future
18. #exchange
19. #company
20. #wants