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#asset-swap #finance #gale-using-and-tradning-asset-swaps
The MVA methodology is, however, much less common than the par/par asset swap for government bonds
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owner: piotr.wasik - Using and Trading Asset Swaps - Giles Gale (Morgan Stanley), p7

ng the bond to par is also smaller because it occurs in the future. This means that the swap does not need to be as far off par as in the par/par methodolog y a nd the problems caused by collateralisation of a large loan are red uced. <span>The MVA methodology is, however, much less common than the par/par asset swap for government bonds. A summary of the cash flows involved in an MVA asset swap using the same bond as in the par/par examp le is shown in Exhibits 4 and 5. Notice that the spread appl ied on an MVA a



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