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- 2011-7-11
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- 2014-8-7
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The call option on interest rates is an immediate risk/reward situation i.e. effective immediately.
If you want to hedge an exposure that is going to happen at some time in the future, you need the swaption.
The holder( buyer ) has a right to enter the swap when the swaption expires. |
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发表于 2011-7-13 15:29
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