Quality Spread Differential (QSD) arises during an interest rate swap in which two parties of different levels of creditworthiness experience different levels of interest rates of debt obligations. A positive QSD means that a swap is in the interest of both parties.
Read more about Quality Spread Differential: Example
Famous quotes containing the words quality, spread and/or differential:
“The quality of moral behaviour varies in inverse ratio to the number of human beings involved.”
—Aldous Huxley (1894–1963)
“I’m no angel, but I’ve spread my wings a bit.”
—Wesley Ruggles, U.S. screenwriter. Tira (Mae West)
“But how is one to make a scientist understand that there is something unalterably deranged about differential calculus, quantum theory, or the obscene and so inanely liturgical ordeals of the precession of the equinoxes.”
—Antonin Artaud (1896–1948)