Serving the Quantitative Finance Community
Payer swaption
i should have thought about that simply - my apologies and thanks
Last edited by Doubtfin on February 14th, 2006, 11:00 pm, edited 1 time in total.
Payer swaption
The right to pay fixed becomes more valueable as interest rates rise. Calls become more valuable as the underlying(in this case, an interest rate) rises.