Longevity receiver swaption (or call swaption)
\lɔnˈʤɛvəti\ \rəˈsivər\ swaption
A swaption that allows the original payer of the fixed leg of the underlying longevity swap the option to pay the floating leg and receive the fixed leg.
\lɔnˈʤɛvəti\ \rəˈsivər\ swaption
A swaption that allows the original payer of the fixed leg of the underlying longevity swap the option to pay the floating leg and receive the fixed leg.