The Tehran Stock Exchange was first conceptualized in 1936, with research being carried out with regard to the feasibility of establishing a stock exchange. World War II put the idea on hold, but after the ratification of the Stock Exchange Act in 1967, the Tehran Stock Exchange, or TSE, was officially opened in 1968. During its starting years, the TSE only dealt with ...
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.