Main category
Economics (General Management)
Abstract
Flexible is a one year maturity GIC whose holder has an option to redeem the principal and accrued interest without any penalty from one month after inception till maturity. If the holder chooses to redeem the GIC within the first 30 days after inception, a zero call rate is applied.
Further reading
https://ia904702.us.archive.org/1/items/gicGreeks/gicGreeks.pdf
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