trs

Hello there I do have a question that is not directly linked to the FRM exam but still it would be great to have some inputs on it. Assuming a parallel shock of the interest rate curve or spread curve, a common corporate bond has the same x% spread sensitivity as the x% interest rate...

Hi David, I've got a short question on the above mentioned. Am I correct to say that the CDS is an unfunded protection due to only contingent payoffs? And TRS would be partially funded and lastly CLN is funded. Thanks and regards, jk