Decks in this Class (10):

A Distinguish Between The Pricing And Va
a distinguish between the pricing and valuation of swaps;
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B Explain The Equivalence Of 1 Interest
b explain the equivalence of 1) interest rate swaps to a series of offmarket forward rate agreements (FRAs) and 2) a plain vanilla swap to a combination of an interest rate call and an interest rate put;
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C Calculate And Interpret The Fixed Rate
c calculate and interpret the fixed rate on a plain vanilla interest rate swap and the market value of the swap during its life;
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D Calculate And Interpret The Fixed Rate
d calculate and interpret the fixed rate, if applicable, and the foreign notional principal for a given domestic notional principal on a currency swap, and estimate the market values of each of the different types of currency swaps during their lives;
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E Calculate And Interpret The Fixed Rate
e calculate and interpret the fixed rate, if applicable, on an equity swap and the market values of the different types of equity swaps during their lives;
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F Explain And Interpret The Characterist
f explain and interpret the characteristics and uses of swaptions, including the difference between payer and receiver swaptions;
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G Calculate The Payoffs And Cash Flows O
g calculate the payoffs and cash flows of an interest rate swaption;
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H Calculate And Interpret The Value Of A
h calculate and interpret the value of an interest rate swaption at expiration;
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I Evaluate Swap Credit Risk For Each Par
i evaluate swap credit risk for each party and during the life of the swap, distinguish between current credit risk and potential credit risk, and explain how swap credit risk is reduced by both netting and marking to market;
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J Define Swap Spread And Explain Its Rel
j define swap spread and explain its relation to credit risk.
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