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Option
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.
Nafta
NAFTA is an acronym standing for either the North American Free Trade Agreement or the trade bloc called into existence by the agreement known as the North American Free Trade Area. The NAFTA treaty was signed by the United States, Canada and Mexico on January 1, 1994 after many years of difficult and protracted negotiations, resulting in the creation of a continent-wide free trade area. The ...
