what are “overnight float options”?
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overnight float options
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Hi there,
First of all, this is a pretty technical and investment banking term that you won't be required to know in your case interviews.
Second, if you ever don't know anything in a case, make sure to ask the right questions in an assertive way to figure it out!
Finally, I believe they're referring to an overnight index swap. Basically, options/swaps are when 2 parties agree to a contract stating 1 party has the *option* to buy an asset from another party at a future date. You can also *borrow* an asset and agree to return it at a future date and price.
These are tricky topics that you won't need to know, but, if you're curious to learn more, investopedia is a great resource!
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Hi there,
context would help, but looks like an overnight indexed swap (OIS), but not certain.
Lucie
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Hello!
This case is highly technical, and not representative of what you will find in Consulting interviews overall
Cheers,
Clara
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