Derivatives · glossary
Ending part of a trade early by agreement, for a payment. Confirmation 3 cut the swap from €25,000,000 to €15,000,000, and the bank paid Atlas €110,000. It says it is not a Termination Event and waives no rights. Confirmation 3 · Chapter 9
Explained in Chapter 9, What the Swap Is Worth, of Derivatives.
Ending part of a trade by agreement, for a payment, is called a partial termination, or an unwind. Confirmation 3 records it the same day.Read Chapter 9, What the Swap Is Worth →
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