Exchanges

Non-Displayed Midpoint Order

May 28, 2022
Derivatives

European Digital Option

May 28, 2022

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A callable swap that can be cancelled only on a single pre-determined date in the future. It gives the fixed-rate payer the right to terminate it before maturity date, but just for one specific date. That means once that date is crossed and the swap is not terminated, the fixed-rate payer will no longer be entitled to early termination.

This swap is also known as a single callable swap.

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