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Questions and Answers
What is the difference between a semi-annual bond and an annual money act/360?
What is the difference between a semi-annual bond and an annual money act/360?
A semi-annual bond pays interest twice a year, at fixed intervals, usually six months apart. An annual money act/360 pays interest once a year, at the end of the year, based on the actual number of days in the year.
What is the notional amount of the swap requested by JLF Bank?
What is the notional amount of the swap requested by JLF Bank?
The notional amount of the swap requested by JLF Bank is USD 50 Mios.
How much is the upfront premium that the client will receive?
How much is the upfront premium that the client will receive?
The client will receive an upfront premium of USD 350,000 paid at the moment of the transaction.
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