ion for the par asset swap. It can be shown that: P SS parparMVA 100 / ⋅= Where S MVA is the MVA swap spread, S par/par is the par/par swap spread and P is the dirty price of the bond. A simple <span>demonstration of this is shown in the appendix. Collateralisation The MVA swap does reduce the problems with collateralisation in one important respect. The off-market swap must be worth the same as
| status | not learned | measured difficulty | 37% [default] | last interval [days] | |||
|---|---|---|---|---|---|---|---|
| repetition number in this series | 0 | memorised on | scheduled repetition | ||||
| scheduled repetition interval | last repetition or drill |