Derivatives · glossary
The day a trade is agreed, the day its payments start to build up, and the day it ends. For the swap: 24 November 2026, 26 November 2026 and 14 July 2031, the loan's own end date, after a draft error was corrected. Confirmation 1: Trade Date · Chapter 6
Explained in Chapter 6, Trade Date: the Confirmations, Line by Line, of Derivatives.
Confirmation 1 records the swap on two pages. Two dates sit at the top. The Trade Date is the day of the call, when both sides became bound. The Effective Date, two days later, is when the first period begins and payments start to build up.Read Chapter 6, Trade Date: the Confirmations, Line by Line →
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