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Quotes of the day:
An inexhaustible good nature is one of the most precious gifts of heaven, spreading itself like oil over the troubled sea of thought, and keeping the mind smooth and equable in the roughest weather.
Plain vanilla is the most basic or standard version of a financial instrument, usually options, bonds, futures and swaps. It is the opposite of an exotic instrument, which alters the components of a traditional financial instrument, resulting in a more complex security.
What is SWAP - Plain Vanilla Swap. By prof. Kunal Doshi, CFA
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