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PAUG Cap

August 13, 2021
Islamic Finance

What Is the Difference Between Istisna’a and Parallel Istisna’a?

August 13, 2021

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A swaption which gives the holder the right, without the obligation, to buy a swap on or by a specific date. In other words, the payer swaption allows the buyer (holder) to enter into a swap in which he pays the fixed leg and receives the floating leg.

It is also called a put swaption.

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