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 IM margined daily. If you are on dynamic margining, not much to see here. If you aren’t, armageddon. | 4 |
Transferability | Daily liquidity, so no real need. | 3 |
Leverage | A form of synthetic margin lending so yes. But your PB will — should —be all over you, so no. | 5 |
Fright-o-meter | Until 27 March 2021, about 3. But since then, beset with evil spirits, succubi and incubi, and The Family Office Who Must Not Be Named | 10 |