The effective date in the investment community has a number of meanings. The one on most investors’ mind is the date trading can commence on public shares as dictated by the Securities & Exchange Commission. This date is usually 20 days after...
A year after the collapse of Lehman Brothers, which sparked chaos across derivatives markets, one striking dislocation persists; a negative 30-year interest rate swap spread
Reserve Bank of India officials today met several banks and asked them to report interest rate swap (IRS) transactions made with customers on the platform of the Clearing Corporation of India (CCIL).
Derivatives Interest Rate Swaps, The Elephant In the Room
from EconomicEdge
I’d like to delve into the numbers, or math, showing how J.P. Morgan’s derivatives book cannot be ‘hedged’.
As per their call reports filed with the Comptroller...
Civil unrest alert!
A few years ago Jefferson County, Alabama bought 17 interest rate swaps from JP Morgan, Lehman Brothers and Bank of America with the intention of hedging interest rate risk.
Today the county said it may need the National...
Teekay Corp. on Thursday said it lost $660.8 million, or $9.12 a share in its fiscal fourth quarter, compared to a net loss of $114.8 million, or $1.55 a share. The Hamilton, Bermuda oil shipping company's adjusted net income doubled to 73 cents...
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