The stock market seems to love outsourcing, and cutting jobs at home seems to be the panacea for all the developed countries of the world. Why have manufacturing plants with those blue-collar guys, when the entire emerging world waits at your beck and call? Call-Centers are the new mantra from the land of Gurus, and executives only need to sit back and count the cash!
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.
