Anyone Entered into a CFA Failure Swap? into, all, nothing, however, passing

hanvinh

My coworker agreed to pay $500 in the event of a failure; however, the premium is also $500, contingent on a passing score. She has the option to renegotiate the terms after the results of the mock exam. Seems like a decent hedge… I haven’t agreed to it yet, but seriously considering.
Everyone else going all or nothing?

DoubleDip

It’s all about plug figures for her balance sheet. She probably needs a long position to enhance her downside potential.

spartan1

have her write a CDS for you.

Walex

Is this a ‘put’ Swap ;-)

NakedPuts

Sounds like a swap of something else…hah, go for it, but don’t forget to be ethical.

Siddimaula

Not exactly sure, but she explained it to me. I’m probably being taken advantage of… I dig it when women use me ;)

mp3bu

WTF is a swap?