Basis Swaps in Energy Commodities
In energy markets, a basis swap is a swap on the price differential for a product and a major index product (e.g. Brent Crude or Henry Hub gas).
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No worthier than the dust!
Cassius. So oft as that shall be,
So often shall the knot of us be called
The men that gave their country liberty.”
—William Shakespeare (1564–1616)
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