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  • in reply to: IR Bermudan Swaption – notice dates and effective dates #1795
    amitmerla
    Spectator

    Effective date should be called effective called date (for callable instruments) / effective exercise date (for Bermudan swaption) and means the date the deal is effectively called / exercised (for Bermudan swap it would be the date the underlying swap starts). Notice date – is the date the trader needs to inform the ctpy that the deal is being called or exercised, which usually happens 2 business days before the effective date.

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