Bullet swap

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Equity Derivatives Anatomy™

Resources About the Equity Derivatives Definitions | (full wikitext) | (nutshell wikitext)
Hot topics Synthetic Prime Brokerage Anatomy | The Triple Cocktail | Cancellation and Payment | Calculation Agent
TOC | 1 General Definitions | 2 Option Transactions | 3 Exercise of Options | 4 Forward Transactions | 5 Equity Swap Transactions | 6 Valuation | 7 Settlement | 8 Cash Settlement | 9 Physical Settlement | 10 Dividends | 11 Adjustments and Modifications | 12 Extraordinary Events · 12.8 Cancellation Amount · 12.9 Additional Disruption Events · 12.9 List of ADEs · 12.9(b) Consequences of ADEs | 13 Miscellaneous

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A swap with no Valuation Dates before the scheduled Termination Date, being the great day of reckoning, whereupon the lamb shall lie down with the lion, brokers shall value their exposures with volume-weighted average price, and down from the sky will come the great King of Terror.

OK maybe I am overdoing the apocalyptic nature of a bullet swap. It just means a plain old swap that doesn’t reset before the termination date.

See also