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Swap..Euribor hedge
you would be receiving fixed.
Last edited by DocToc on March 22nd, 2011, 11:00 pm, edited 1 time in total.
Swap..Euribor hedge
Why is that receiving....If I am given 100mm....aint I supposed to pay over the 100MM???And the one who gave me that 100MM receiving??????
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- Martinghoul
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Swap..Euribor hedge
It's all about the rate... When you recv fixed, you want the rate lower, so you're "giving" it. It's all that "Yours!"/"Mine!" malarkey, y'know?
Swap..Euribor hedge
QuoteOriginally posted by: MartinghoulIt's all about the rate... When you recv fixed, you want the rate lower, so you're "giving" it. It's all that "Yours!"/"Mine!" malarkey, y'know?Eeehhh....let me seeTrader...Broker....ClientClient wants to rec 10y fix and calls the broker....broker gets a quote from trader and quotes to the client....3.50% - 3.505%Client yells Yours and receive 3.50%Broker then yells given @ 3.50%1) So as you say...this means the client has been given 3.50%!!!!2)What about the trader..he is paying fix..so has he taken 3.50%???