Trading Asset Swaps Interest Rate Strategy depends on the dirty price of the bond, as can be seen simply from the formula above. These questions are discussed more fully on page 12. Default If <span>the bond defaults, the buyer’s claim is on the recovery value of the bond. But the buyer must continue to pay on the swap, although he/she may choose to close it out at market value. Funding and Collater
| status | not learned | measured difficulty | 37% [default] | last interval [days] | |||
|---|---|---|---|---|---|---|---|
| repetition number in this series | 0 | memorised on | scheduled repetition | ||||
| scheduled repetition interval | last repetition or drill |