Interest Rate Swaps: Accounting vs. Economics
Although accounting rules undergo virtually ongoing review and adjustment, the genesis of the current framework is Statement of Financial Ac
Comparing Eurodollar Strips to Interest Rate Swaps
While interest rate swaps and strips of eurodollar futures can serve as substitutes for each other, use of futures necessarily fosters some
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
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