1. A system for facilitating a Total Fair Value Swap transaction between a first counterparty and a second counterparty, comprising: a transaction management processor, a rate monitor, and a database; the database maintaining an electronic record related to the Total Fair Value Swap transaction, the record reflecting the first counterparty's obligation to make one or more fixed payments to the second counterparty and the second counterparty's obligation to make floating payments to the first counterparty; the transaction management processor being configured to: calculate an amount for each fixed payment based on a reference interest rate determined by the rate monitor, derive, based on information retrieved by the rate monitor from a credit default swap market, a credit spread associated with the second counterparty at a specified time prior to each floating payment, determine, based on each derived credit spread, an amount for each floating payment, such that the amount for each determined floating payment varies when the derived credit spread of the second counterparty varies, and manage receipt of the one or more fixed payments and the floating payments, where managing comprises at least one of confirming, recording, and scheduling of the fixed and floating payments.