Swaption: Difference between revisions
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An option on a swap | An option on a swap. | ||
The buyer of the swaption 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 == | == See also == | ||
Revision as of 21:14, 5 May 2016
An option on a swap.
The buyer of the swaption 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.
