Interest Swaps

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September 8, 2022 at 11:27 am #665745
isadiq
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BPP Question 33 Buryecs

in the solution of interest swaps, the saving on both loans has been added rather than subtracting. why is that so.
September 8, 2022 at 4:56 pm #665773
John Moffat
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No it has not been added!!

Buryecs makes a gain on the swap of 1.2%. The bank fee of 0.3% has been subtracted.
The net gain is therefore 0.9%.
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