Asset Swapping Methodologies Overview: Asset Swap Types and Characteristics 3 Terminology 4 Yield/Yield/Asset Swaps 4 Par/Par Asset Swaps 5 Market Value Accrued (MVA) Asset Swaps 7 Yield Accrete or Constant Bond Yield 9 Box: Asset Swapping Index-Linked Bonds 10 Credit Default Swaps (CDS) 12 Swap Spreads for Rich-Cheap Analysis