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 Apr 15 awarded Popular Question Feb 28 awarded Popular Question Sep 24 awarded Autobiographer Jul 2 awarded Curious Jun 29 accepted Why are multiple custom curves (swap) built for one desk? Jun 24 awarded Notable Question Jun 20 awarded Notable Question Jun 4 revised Price change of a bond towards yield and YTM body changed Jun 4 asked Price change of a bond towards yield and YTM May 27 comment Why are multiple custom curves (swap) built for one desk? I have gone through two tutorials 1. using Libor short curve + par swap rates. 2. using OIS curve. BUT, both tutorials are following the classical steps. 1. Bootstrap to build DFC 2. Build Zero-curve 3. Derive Fwd Rates 4. Calculate cashflows for floating leg. So what stpes are not required when using OIS in current -terms... (of what you meant, there's no need to bother about DFC)? May 24 awarded Yearling May 23 comment Need advice on finding forward spot rates @AndreyTaptunov your embedded link to Bionic Turtle is no longer available. I am not sure if this is as same as his video tutoril on Youtube. I still find it hard to apply the concept to a question I have and most probably I will post it. May 23 revised hedging wiki description added 581 characters in body May 23 revised hedging wiki excerpt added 372 characters in body May 23 revised Why are multiple custom curves (swap) built for one desk? edited tags May 23 comment Why are multiple custom curves (swap) built for one desk? What are you referring by "more context"? Further can you define the jargon DFC (discount factor curve perhaps)? Quoting: The difference is that you don't have to make it into a DFC any more, and that you may only use 3m-fixing products together or 1m-fixing products. This is not clear to me.., >.< Does it mean steps for boostrapping for stripping off forward rates to build swap curve goes down by 1 step? May 23 revised Why are multiple custom curves (swap) built for one desk? edited title May 23 comment Why are multiple custom curves (swap) built for one desk? Aren't the forecasting fixing rates are infact the forward rates? Because that's what we used to derive the future cashflows of floating leg? May 23 comment Why are multiple custom curves (swap) built for one desk? Learning via melo-drama can't get any better : quoting mantle of risk-free rate proxy was passed on to a family of Overnight fixings, called Sonia, Eonia and -ahem- FedFundEffective... Coming back to the main intention of my question, sometime back I used this as my first tutorial with some background reading based on CFA L1, Fabozzi, Tuckman and Derivatives Demystified. Those materials helped alot in order to understand the basic concepts. May 23 wiki created hedging description