interest rate swap

A primer on interest rate swaps and the mis-selling scandal in the UK and the US

Article Date: 13-03-2014
Categories: Business Law Typology: Articles
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From Altalex.EU Blog - Comments (0)
A swap is a derivative contract entered into by two parties who agree to exchange two streams of payments (legs of the swap). In interest rate swaps (IRSs) the two counterparties agree to exchange interest rate cash flows, from a fixed rate to a floating rate or vice versa, where the floating rate i... [Read All]

An illustration of the Interest Rate Swap Scandal in the US: SEC v. JP Morgan

USA securities and exchange commission, case n. 3-13673-2009

Article Date: 04-11-2009
Categories: Business Law Typology: Case Law
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From Altalex.EU Blog - Comments (0)
Interest Rate Swaps (IRSs) have emerged for having played an important part in the bankruptcies of a number of municipalities in the US during the post-crisis years. In these cases, the derivative contracts were entered into between a bank and a government entity whereby a floating rate of interest ... [Read All]

An illustration of the UK Interest Rate Swap scandal: Green & Rowley v. RBS

England and Wales court of Appeal, case A3/2013/0138

Article Date: 09-10-2013
Categories: Business Law Typology: Case Law
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From Altalex.EU Blog - Comments (0)
The mis-sale of interest rate swaps (IRSs) from banks to small and medium businesses has given rise, in the years following the global financial crisis, to a brand new scandal. This has triggered, among other things, a number of legal disputes that are aptly represented by the recent case decided by... [Read All]
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