RT: 22/
Holding the same notional amount of IRS can precisely hedge against interest rate fluctuation.
But trading IRS does not require you to actually own the same value of deposit. So it is a much more capital-efficient market.
转发：22/
持有相同名义金额的IRS可以精确地对冲利率波动。
但交易国税局并不要求你实际拥有相同价值的存款。因此，这是一个资本效率更高的市场。