A swaption is an option to enter into a swap. Although swaptions can be designed in a variety of ways, we shall focus exclusively on the most widely used swaption, the plain vanilla interest rate swaption. This is a swaption to pay the fixed rate and receive the floating rate or the other way around. [...]
Tags: credits, loans, market, options, Swaptions
Category: Swaptions | Comments OffIn a capped swap, the floating payments have a limit as to how high they can be. Similarly, a floored swap has a limit on how low the floating payments can be. There is no limit to the number of variations that can be found in swaps, and it is not worthwhile to examine them [...]
Tags: bonds, Capped swap, options, payday loans
Category: Capped swap | Comments OffFor most companies, stating that their goal is to maximize shareholder value is not enough to excite employees, focus organizational energy, or direct their long-term ambitions. Thus, companies often develop broader statements of purpose. A good example is Disney, whose mission is ”To offer quality entertainment that people will seek out” and whose vision is [...]
Tags: crisis, debt, shareholders, shares, Statement of Intent
Category: Statement of Intent | Comments Off