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The writer of a payer swaption has: the right to enter a swap in the future as t

ID: 2790198 • Letter: T

Question

The writer of a payer swaption has:

the right to enter a swap in the future as the floating-rate payer.

the right to enter a swap in the future as the fixed-rate payer.

an obligation to enter a swap in the future as the floating-rate payer.

an obligation to enter a swap in the future as the fixed-rate payer.

A.

the right to enter a swap in the future as the floating-rate payer.

B.

the right to enter a swap in the future as the fixed-rate payer.

C.

an obligation to enter a swap in the future as the floating-rate payer.

D.

an obligation to enter a swap in the future as the fixed-rate payer.

Explanation / Answer

an obligation to enter a swap in the future as the fixed-rate payer.

the buyer pays a fixed rate

an obligation to enter a swap in the future as the fixed-rate payer.