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Open it An example of this is where an institution swaps the cash flows on a U.S. Government Bond for LIBOR minus a spread (say 20 basis points)
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Asset swap - Wikipedia, the free encyclopedia ing) or to pay off debts.
In finance, the term asset swap has a particular meaning.[1] When one refers to an asset swap, one has in mind the exchange of the flow of payments from a given security (the asset) for a different set of cash flows. <span>An example of this is where an institution swaps the cash flows on a U.S. Government Bond for LIBOR minus a spread (say 20 basis points). Such swaps usually have stub periods in order to bring the chronology of the cash flows into line with that of the underlying bond.
Contents
1 Introduction
1.1 Mechanics of a Par A
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