Swaption

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Revision as of 15:19, 27 November 2014 by imported>Doug Williamson (Broaden by linking with Forward start swap page.)
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An option on a swap where the buyer of the option has the right, but not the obligation, to enter into a specified swap on a specific future date (or on one of a number of specified dates) set out in the terms of the swaption.

See also