KRW CMT Swap Case

KRW CMT Swap Case. Market Background. The case begins in February 2002. At this time, the normal Korean Won (“KRW”) short-term interest rate (3-month certificate of deposit rate or “CDR”) was 4.6%. The 5-year KRW government note yield was 6.8%, and the 5-year KRW interest-rate swap rate … ................
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