Hedging With Swaps
A fairly common reason that shortcut treatment is denied, particularly if the swap happens to be a seasoned instrument at the time the hedge
Basic Strategies for Managing U.S. Dollar/Brazilian Real Exchange Rate Risk for Dollar-Denominated I
Brazilian Real futures and options on futures at Chicago Mercantile Exchange offer a host of risk management strategies appropriate for thos
Documenting Interest Rate Hedges
The most frequently used interest rate derivative is the interest rate swap, and when used in it’s most common application — to swap from va
The New World Under FAS 133: Cross-Currency Interest Rate Swaps
Without question, the adoption of FAS 133 will have an impact on the way firms use derivatives. One application that will certainly be affec
Partial Term Hedging-The Eurodollar Alternative
Futures, however, have some rather unique institutional features. First, they are traded on an exchange so that parties to a trade are essen
Impact of Accounting Rules on the Market for Swaps
The Financial Accounting Standards Board (FASB) only recognizes hedges as being ineffective for accounting purposes when the hedge gains or