AFP

Hedging with Off-Market Swaps

While this minor disparity in the effective fixed rate, ex post, relative to its ex ante anticipated fixed rate would likely justify the ass

Saving Money When Banks Offer ‘Chooser Options’

Publication: AFP Exchange PDF Version Many companies with variable-rate funding look to derivatives to transform their variable interest...

Comparing Apples and Oranges (and Pears)

Values for all of these three contract prices are dependent on the yield curve as of the date of the valuation, or more directly, on the con

Taking Stock – Hedging Inventories, Hedging Sales

Assuming the availability of derivative instruments relating to the goods under consideration, most hedgers (or potential hedgers) realize t

This Year’s Model – New Lending Practices and Related Accounting Concerns

The first pitfall to avoid is using a standard pay-fixed/receive-floating interest rate swap in conjunction with this loan. This plain-vanil

Switching Caps For Swaps

This lack of an initial payment does not exactly mean that the swap is free. It is not. Economists consider the cost of the swap to be an op

Cross hedging – X Marks the Spot

Cross-hedges may be used in financial markets. As is well known, interest rate swaps are the most common tool corporate treasurers use to co

Assessing Interest Rate Caps

Caps do work as advertised, with some qualifications. In a perfect application, the cap buyer would seek a structure corresponding with the

Free Money

The issue gets a little more complicated when interest swaps are introduced into the equation. Interest rate swaps can be used to convert va

Disciplined Hedging – Controlling Interest Rate Risk in an Uncertain World

Despite the lack of certainty, it would seem that both alternatives of leaving the swap in place or liquidating the swap suffer from the sam

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NCUA Proposed Rule Change to Ease Derivatives use for Credit Unions

HedgeTalk: A Dollar Demise? Not so Fast!

What to Expect in 2021

Happy Holidays From HedgeStar

Upgrade to HedgeStar - Software

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