Maturity Date Or Exercise Date
Maturity Date Or Exercise Date
Definition: The date when the option or swap matures. If the option has not been exercised by this date, it expires and ceases to have any value. For an interest rate swap this is the date when the final interest exchanges are made. For a bond and currency swap, the principal is paid / exchanged.
Definition: The date when the option or swap matures. If the option has not been exercised by this date, it expires and ceases to have any value. For an interest rate swap this is the date when the final interest exchanges are made. For a bond and currency swap, the principal is paid / exchanged.