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In the U.K, it is used to refer to a bond swap. It is a trade that involves the sale...

    Bond Swap

    A trade that involves the sale of one bond and the use of the proceeds to purchase a different bond...

      Asset Swap Switch

      An asset swap which has an embedded option (a spread option between the substitutable assets) allowing the holder to substitute...

        Basis Point Upfront Carry

        A carry trade in which an investor expresses a notional neutral curve switch. This carry is expressed in basis points...