Derivatives

Fixed-Payer Swap = LIRC + SIRP Fixed-Rec Swap = SIRC + LIRP Long Cap = LPOB = LIRC Short Cap = SPOB = SIRC Long Floor = LCOB = LIRP Short Floor = SCOB = SIRP Does this make sense? LIRC = Long Interest Rate Call SIRP = Short Interest Rate Put LPOB = Long Put on Bond SPOB = Short Put on Bond LCOB = Long Call on Bond SCOB = Short Call on Bond

Seriously, stop using these tables. Try and understand what a long is, what a short is, what a put does and what a call does and you will NOT make any mistakes. These tables will only confuse you, if you can conceptualise it there is no way they can trouble you.