Why is a receiver swaption equal to a call? equal, please, someone, 2010

chunty

Can someone please explain to me why a receiver swaption is equal to a call?

Furthermore, if that's the case, why is a payer swaption equal to a put?

Thanks



Edited 1 time(s). Last edit at Wednesday, June 2, 2010 at 04:55AM by CFA.Rhythm.