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Plain Vanilla Interest Rate Swap
Explore the basics of plain vanilla interest rate swaps, including their structure, net settlement mechanics, regulatory considerations, and real-world applications in Canada’s evolving interest rate environment.
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Rate & Day Count Conventions
Explore how interest rate conventions and day count conventions shape the calculation of interest payments in Canadian and global interest rate swaps, including Actual/365, Actual/360, and 30/360. Learn practical examples, pitfalls, and best practices for accurate swap settlements.
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The Structure of an Interest Rate Swap
A comprehensive guide to the documentation, roles, and operational framework that define an interest rate swap, focusing on the ISDA Master Agreement, related addenda, and Canadian regulations.
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Pricing an Interest Rate Swap
A comprehensive guide to interest rate swap valuation in Canada, exploring fundamental concepts, discounting cash flows, and real-world applications under the CIRO regulatory landscape.
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Indication Pricing Schedule
An in-depth exploration of how dealers publish preliminary swap rates across various maturities, illustrating market-driven adjustments and credit considerations for interest rate swaps.
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Credit Risk
Explore how credit risk arises in interest rate swaps, the steps counterparties take to mitigate it, and the Canadian regulatory framework for managing it.
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Terminating an Interest Rate Swap
A detailed exploration of early termination methods, break costs, offsetting swaps, IFRS accounting, and CIRO reporting requirements for interest rate swaps.
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Why Interest Rate Swaps Are Used
Discover how interest rate swaps transform exposures, lower borrowing costs, and manage interest rate risk for Canadian firms, financial institutions, and global market participants.
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Deliverable Interest Rate Swap Futures & Centrally Cleared Swaps
Explore the mechanics, benefits, and practical applications of deliverable interest rate swap futures and centrally cleared swaps. Learn how these instruments manage counterparty risk, improve transparency, and hedge interest rate exposures effectively.
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Other Types of Interest Rate Swaps
Explore floating-to-floating (basis) swaps, amortizing swaps, accreting swaps, and forward start swaps, along with practical use cases, risk considerations, and regulatory oversight in the Canadian market.
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Swaptions
Explore the mechanics, uses, and regulations of swaptions in the Canadian market, including payer and receiver swaptions, valuation strategies, and practical hedging applications under CIRO oversight.
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Transition from CDOR to CORRA in Canada & Global LIBOR Phase-Out
Explore the transition from CDOR to CORRA in Canadian interest rate markets and the global phase-out of LIBOR, including practical examples, fallback provisions, spread adjustments, and regulatory guidance.
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Mandatory Clearing Thresholds for Certain Swaps
An in-depth look at the clearing thresholds required under Canadian regulations, focusing on how they mitigate systemic risk and ensure compliance with interest rate swaps.
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Advanced Uses (Hedging Corporate Bonds or Floating-Rate Notes)
Explore how interest rate swaps provide flexible solutions for hedging corporate bonds and floating-rate notes, featuring practical examples, regulatory insights, and real-world strategies.
