We have noticed an increase in bank balance sheet financing of late. Typically, bank loans are indexed to a variable rate (e.g. LIBOR) plus a credit spread. In offering the financing, the banks may require that the borrower enter into a pay-fixed interest rate swap. There are a lot of misconceptions and negativity associated with […]
There are many ways to avoid some of the pitfalls when buying a product or service. Reviews can be helpful, especially when taking into account the number of customer ratings. Imagine a common scenario: While searching for a particular product on the web, a site advertises the item at a price well below the market […]
Negative Mark-to-Market (”MTM”) lt is likely that close to 90% of recently executed pay-fixed swap have negative market values today. Current swap rates are, for the most part, lower than those for swaps executed I, 3, 6, or 12 months ago. In addition to movement in rates, one needs to take into account that swaps […]
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