Swap Break Clauses and File:180px-Economiclossesnaturaldisasters.jpg: Difference between pages

Latest revision as of 09:28, 27 July 2023

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-''Manage risks''
+== Summary ==
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-The right of a bank as the seller to call for termination or re-pricing periodically during the life of a long term swap.
-Initially sold as a means of managing the fixed rate leg of a long term interest rate swap because banks could price the long term swaps as medium term deals based on the time period to the next break date.
-Post 2008 regulation means they now carry a capital cost for banks and termination or re-pricing has been known to be called by the bank.
-== See also ==
-*[[Swap]]
-*[[Interest rate swap]]
-[[Category:Manage_risks]]