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Calculation Agent |
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Calculation Agent A person who calculates the value of a derivative and/or determines who owes what to whom in a swap. The calculation agent is usually a market maker. Sometimes both parties use a single calculation agent for a transaction, but sometimes each party uses a different agent. In this case, the two calculation agents jointly share responsibilities and must work together on the transaction. See also: Clearing Corporation. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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