a long cash position is hedged by a total rate of return swap (or vice versa) and there is an exact match between the reference obligation and the underlying exposure (i.e., the cash position).
dolga denarna pozicija je zavarovana z zamenjavo celotnega donosa (ali obratno), referenčna obveznost in osnovna izpostavljenost (tj. denarna pozicija) pa se popolnoma ujemata.