#asset-swap #finance
swaps usually have stub periods in order to bring the chronology of the cash flows into line with that of the underlying bond
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Asset swap - Wikipedia, the free encyclopediachange of the flow of payments from a given security (the asset) for a different set of cash flows. 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 <span>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 Asset Swap
1.1.1 Computing the asset swap spread1.1.2 Market Asset Swap
2 See also3 References
Introduction[edit]
An asset swap en Summary
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