Can you please confirm if I am correct on these payoffs: 1. Credit Spread Call Option: Max((Final Spread - strike spread)(*Notional*Risk Factor),0)) 2. Credit Spread Forward: (Final Spread - strike spread)(*Notional*Factor)*Days/360 also, what is the payout for?? Interset Rate Futures: Interest Rate Options

#2, do you need (days / 360) in a credit spread forward payoff?

not sure…i’m looking for clarity on that.

i don’t think you need (days/360) here

3rd & Long Wrote: ------------------------------------------------------- > > also, what is the payout for?? > > Interset Rate Futures: > > Interest Rate Options These depend on the contract. A ED futures is the interest on 1,000,000 for 90 days at LIBOR. An option on an ED futures is …

you don’t need days for #2 - the payoff is absolute, not based on the number of days.

ED futures are only Cash settled