ANSWERS TO QUESTIONS

Interest rate swaps of all types and maturities are traded in the over-the-counter (OTC) markets. ... the day count is 30/360 with semi-annual payments; in the DEM market, it is 30/360 with annual payments, while in the JPY market, the day-count convention is Actual/365 with semi-annual payments. The underlying floating rate also varies across ... ................
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