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Switch

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...