My coworker agreed to pay $500 in the event of a failure; however, the premium is also $500, contingent on a passing score. She has the option to renegotiate the terms after the results of the mock exam. Seems like a decent hedge… I haven’t agreed to it yet, but seriously considering. Everyone else going all or nothing?
WTF is a swap?
Not exactly sure, but she explained it to me. I’m probably being taken advantage of… I dig it when women use me 
Sounds like a swap of something else…hah, go for it, but don’t forget to be ethical.
Is this a ‘put’ Swap
have her write a CDS for you.
It’s all about plug figures for her balance sheet. She probably needs a long position to enhance her downside potential.