youyoustar

你说的那道题目我记得是选不能settlement的。我是这么理解的，如果之前是receive fixed，pay floating，那如果你想terminate，就得变成pay fixed那一方，也就是用payer swaption。

youyoustar

我找到原题了，mock morning 9
With regard to the recommendations for the termination of Novatel’s swap position, Whitney is
least likely correct with respect to：

C is correct. A receiver swaption cannot be used to terminate a pay floating receive fixed swap.
答案C就是Option 3:  Enter into a receiver swaption.
我的理解就是上面3楼写的。