A bond point is worth $10; it is a unit of measure for bond prices that is set at $10...
A vanilla swap which has a zero net present value. That is, it involves no initial exchange of notional principal....
A bond (or debt security) is redeemable at par when the holder has the right to receive its par value upon redemption or on maturity date....
A vanilla swap which has a zero net present value (NPV). That is, it involves no initial exchange of notional principal. More specifically, the present...
An asset swap package where an investor pays par (100%) to an asset swap seller for a particular fixed-coupon bond issued by...
An asset swap in which one counterparty delivers a risky asset (bond, floater, etc) to the other in return for par value. In other words, one...