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imported>Doug Williamson (Classify page.) |
imported>Doug Williamson (Classify page.) |
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Latest revision as of 12:10, 2 July 2022
Risk management.
1.
A method for increasing the duration of fixed income portfolios, usually with a view to matching the duration of the underlying liabilities, by entering into long dated swap agreements (paying floating rates and receiving fixed rates).
2.
More generally, the use of a swap in conjunction with an existing underlying position or exposure.