Template:Synthetic equity swap - FWMD
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Docs | ISDA Master Agreement, 2002 ISDA Equity Derivatives Definitions and a master confirmation. Call the legal eagles! | 8 |
Amendability | Bilateral, so doable, but delta-one, so not much to amend. | 3 |
Collateral | Reg VM and flexible IM margined daily. Nothing to see here folks. | 0 |
Transferability | Daily liquidity, so no real need. | 3 |
Leverage | A form of synthetic margin lending so yes. But your PB will be all over you, so no. | 5 |
Fright-o-meter | Margin lending through swaps. Sounds scary; isn’t really. Consolation points for tedious negotiation process. | 4 |