Question: Illustrate with example strategies using the three different types of swaps. Definition of a swap Four types of swaps Currency Interest rate Equity Commodity (not
Illustrate with example strategies using the three different types of swaps.
Definition of a swap Four types of swaps Currency Interest rate Equity Commodity (not covered in this book) Characteristics of swaps No cash up front Notional amount Settlement date, settlement period Credit risk Dealer market
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