Exchanges
Midpoint Peg Order
April 4, 2022
Derivatives
Long-Term Equity Anticipation Security
April 4, 2022

An option on a swap (a swaption) which expires after more than a year (e.g. 1, 2 or 3 years). The option would allow the holder to enter into a swap in the future beyond commonly prevalent option maturities.

It is a long-dated option whose underlying is a swap.

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