- UID
- 223343
- 帖子
- 431
- 主题
- 51
- 注册时间
- 2011-7-11
- 最后登录
- 2013-9-12
|
CP is right.
fixed side receives coupon payments
floating side receives fixed payments
Fixed side’s coupons get reset every period. Float side receipts are fixed all periods
Fixed side’s receipts change each period ( we need to consider only the upcoming receipt) , and they are discounted at current rates
Float side’s receipts stay same each period , and they’re discounted at current rates |
|