Windjam

SkipE99 Wrote:
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> i try to remember in the leveraged floaters the
> floating payments cancel each other out and the
> net result is the difference between the fixed
> rate entities multiplied by the leverage factor
> (1.2)

This is always I remembered it but I thought I was taking a short cut and therefore wasn't comfortable with it. so I think now there is nothing to worry about if you remember it this way.