A course is a financial credit pertaining to the family of the options on rate of interest.
The purchase of a course aims at securing a maximum level (price of exercise or strike) on an index of revisable rate while benefitting from a possible stability or drops by this revisable rate. The purchaser of course pays a premium with the salesman of course.
The purchase of a course and the sale of a Floor of different prices of exercise constitute a Collar, while the purchase of a course and the sale of a floor of the same price of exercise make it possible to create in a synthetic way a swap.
|Random links:||Sarine | Alphonse II of Portugal | Holly Cook | Index of Breidbart | Ernst Schatz | Banlieue_noire_de_Kimball,_Michigan|