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The Syracuse Mets are a Minor League Baseball team of the International League and the Triple-A affiliate of the New York Mets. They are located in Syracuse, New York, and play their home games at NBT Bank Stadium, which opened in 1997 and has a seating capacity of 10,815. [4] The Mets are named for their major league affiliate and owner, the ...
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Therefore, over the two years the hedge fund pays the bank 2 * 5% * $10 million = $1 million, but receives 1 * 15% * $10 million = $1.5 million, giving a total profit of $500,000. In another scenario, after one year the market now considers Risky much less likely to default, so its CDS spread has tightened from 500 to 250 basis points.