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Swap Assignment

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Swap assignment
Related: Swap sale

Swap Assignment
A swap in which one party pays a leg to the counterparty, then assigns the other leg to a third party. Thus, the first party steps out of the deal, receiving or paying the net amount of the deal. It is also called a swap sale or swap novation.


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Lina and Doon decide to swap assignments, forging a friendship which blossoms when the youngsters discover coded papers that could save Ember and its inhabitants.
On the next experiment, swap assignments so everyone gets a chance to participate.
While termination of both swaps remains an option to OCTA due to the Lehman payment default and Bear Stearns swap assignment, the swaps currently carry a negative value and would result in an aggregate $12.
 
 
 
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