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"If the CDS spread increases, the premium paid by the fixed-leg counterparty increases. This causes a gain to existing fixed-leg payers, who in retrospect got into their positions cheap" from :P2.T6.308. Credit default swap (CDS) spread curves (Malz section 7.3) Should'nt the premium remain the...

Hey fellow BT'ers I'm getting ready to write Part 2 in May. I'm looking to see if ppl are willing to share their mind maps as I havent got around to making one for 2 yet and may be able to save some time. Attached is what I would have considered my mind map for part 1. I do have a slightly...