| 单词 | DIFFUSION AND AMORTIZATION EFFECT |
| 释义 | A concept indicating that the maximum CREDIT RISK of an INTEREST RATE SWAP occurs onethird to halfway through the life of a transaction. This occurs because simulated future INTEREST RATES used in the calculation of REPLACEMENT COST do not have a chance to move sufficiently in the early periods of a swap to pose the greatest economic loss (i.e., the |
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