The fix is made on the accrual date, so that the receiver knows the exact amount to expect on the payment date. ... Until the fixing is made, calculations must use an estimated value from the best available market data. For example, a CHF ... An example might be an oil future trade that uses the quoted oil price over the last 30 days of the contract, rather than just the price on the last day. In any trade usinganbsp;...
|Title||:||The Trade Lifecycle|
|Author||:||Robert P. Baker|
|Publisher||:||John Wiley & Sons - 2015-07-30|