swaption การใช้

• These are typically priced against YOY swaps, whilst the swaption is priced on the ZC curve.
• The swaption market is over-the-counter ( OTC ), i . e ., not traded on any exchange.
• Legally, a swaption is a contract granting a party the right to enter an agreement with another counterparty to exchange the required payments.
• City Treasurer Jan Mazyck said the transaction will most likely be a " swaption, " in which the city will sell an option to conduct a swap.
• Jamshidian's trick applies to Hull-White ( as today's value of a swaption in HW is a monotonic function of today's short rate ).