How is the swap rate calculated?
Answer to relevant QuestionsWhat are convertible bonds and exchangeable bonds? Suppose that a life insurance company has issued a three-year GIC with a fixed-rate of 10%. Under what circumstances might it be feasible for the life insurance company to invest the funds in a floating-rate security and ...How does the role of a credit derivative differ from that of an interest-rate swap in terms of controlling risk? The following is an excerpt from “MCDX Municipal CDS index on the rise,” Credit Default Swap Market Reporting, July 1, 2010 (http://blog.creditlime.com/2010/07/01/municipal-cds-index-rising/) The 5-year MCDX increased ...Why is “restructuring” the most controversial credit event?
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