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Re: Invest83838 post# 77659

Wednesday, 10/13/2021 2:02:47 PM

Wednesday, October 13, 2021 2:02:47 PM

Post# of 141094
Invest,

BlackRock buys shares of different companies to make SWAPS which they sell to the Citadels' of the world. They aren't buying shares of AMC to hold as if they were Apes.

The bank's SWAP profit is the difference between the higher fixed rate the bank receives from the customer and the lower fixed rate it pays to the market on its hedge. The bank looks in the wholesale swap market to determine what rate it can pay on a swap to hedge itself. ... 20% on the swap with the customer.
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