Do you want BuboFlash to help you learning these things? Or do you want to add or correct something? Click here to log in or create user.

#asset-swap #finance #gale-using-and-tradning-asset-swaps
the par/par asset-swap is particularly popular in credit, for investors who want to take a view on a credit, but not interest rate risk.
If you want to change selection, open document below and click on "Move attachment"


owner: piotr.wasik - Using and Trading Asset Swaps - Giles Gale (Morgan Stanley), p5

rs affecting the price of the bond outside of duration. The par/par metho dology therefore allows an investo r to be exposed only to the idiosy ncrasies of the bond i ssuer rather than ta king inter est ra te risk. 1 For this reason, <span>the par/par asset-sw ap is particu larly popula r in credi t, for inve stors who want to ta ke a view on a credit, bu t not interest ra te risk. Investors will also swap a bond in such a w ay if they wish to match assets and lia bilities expected to be floating, especially when this re sults in smooth ing of accoun ting earning


statusnot read reprioritisations
last reprioritisation on suggested re-reading day
started reading on finished reading on



Do you want to join discussion? Click here to log in or create user.