Legal Swap Option

From Open Risk Manual
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Definition

Legal Swap Option. The option, that is the right but not the obligation, to enter into a Swap transaction at some time in the future under terms defined in the Swaption contract.


Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

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