Swaps (FRM Part 1 2025 – Book 3 – Chapter 10) скачать в хорошем качестве

Swaps (FRM Part 1 2025 – Book 3 – Chapter 10)

For FRM (Part I & Part II) video lessons, study notes, question banks, mock exams, and formula sheets covering all chapters of the FRM syllabus, click on the following link: https://analystprep.com/shop/unlimite... AnalystPrep is a GARP-Approved Exam Preparation Provider for FRM Exams After completing this reading, you should be able to: Explain the mechanics of a plain vanilla interest rate swap and compute its cash flows. Explain how a plain vanilla interest rate swap can be used to transform an asset or a liability and calculate the resulting cash flows. Explain the role of financial intermediaries in the swaps market. Describe the role of the confirmation in a swap transaction. Describe the comparative advantage argument for the existence of interest rate swaps and evaluate some of the criticisms of this argument. Explain how the discount rates in a plain vanilla interest rate swap are computed. Calculate the value of a plain vanilla interest rate swap based on two simultaneous bond positions. Calculate the value of a plain vanilla interest rate swap from a sequence of forward rate agreements (FRAs). Explain the mechanics of a currency swap and compute its cash flows. Explain how a currency swap can be used to transform an asset or liability and calculate the resulting cash flows. Calculate the value of a currency swap based on two simultaneous bond positions. Calculate the value of a currency swap based on a sequence of FRAs. Describe the credit risk exposure in a swap position. Identify and describe other types of swaps, including commodity, volatility, and exotic swaps.