Alan Asset swap
Describes the package of swap plus investment where an interest rate swap or currency swap is used to change the interest rate exposure and/or currency risk exposure of an investment. Usually a combination of an interest rate swap plus fixed-rate bond. The obligations under the swap are usually independent from those of the asset.
Period of time between the signing of a loan agreement and the expiry of the lender’s commitment to lend, during which the borrower is
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