Option swaps are more commonly known by the acronym “swaption”. The concept is relatively simple, in that by participating in a swaption, a trader has acquired the option to enter an interest rate swap. They key factor is that the trader is not obligated to enter into the swap, but he does have the right to do so should he so desire.
WIPO stands for the World Intellectual Property Organization, an agency of the United Nations formally established in 1967 and headquartered in Geneva, Switzerland. WIPO’s stated mission is to “promote the protection of intellectual property throughout the world”. WIPO is different from many other UN agencies, chiefly in that it has its own system of funding derived from the collection of ...
