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Payer's Swaption
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Payer's Swaption
A
swap option
giving the holder the right to pay a fixed rate and receive a floating rate in an
interest rate swap
. Broadly analogous to a put on a fixed rate instrument. Also called
Buyer's Right to Pay (BRP) Fixed Swaption
, Swaption (diagram),
Put Swaption
.
Glossary
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