SEC Asks Jefferson Co., Ala., About $4B of Swaps, Warrants
- Hillsborough County, Fla., Dumps Swap for New Refundings. Sigo, Shelly // Bond Buyer;03/26/2001, Vol. 335 Issue 31104, p39
Reports on Hillsborough County, Florida officials' plan to terminate a forward interest rate swap negotiated in 1998 with Merrill Lynch & Co. to avoid a yield of 6.36 percent on the country's 1991 wastewater utility system revenue bonds. Plans of county finance officials to refund utility...
- The Case of Interest Rate Swaps and Questions for the Pozen Committee. Bryan, Stephen; Lilien, Steven // CPA Journal;Jun2008, Vol. 78 Issue 6, p26
No abstract available.
- SEC, SIFMA in Slugfest Over Municipal Swaps. Hume, Lynn // Bond Buyer;8/28/2008, Vol. 365 Issue 32950, p1
The article reports on the argument between the U.S. Securities and Exchange Commission (SEC) and the Securities Industry and Financial Markets Association Inc. (SIFMA) over the extent to which the SEC has authority concerning interest rate swap transactions. It highlights the case involving the...
- MSRB Files Amendment to Rule G-39 on Telemarketing. Desue, Tedra // Bond Buyer;3/24/2005, Vol. 351 Issue 32097, p5
The article reports that the Municipal Securities Rulemaking Board recently filed with the Securities and Exchange Commission an amendment to its Rule G-39 on telemarketing designed to make the rule conform with changes that the Federal Trade Commission and Federal Communications Commission...
- Dealing With Municipal Swap Risks. Buchanan, Alexander B. // Municipal Finance Journal;Fall2005, Vol. 26 Issue 3, p35
Derivatives are no longer the province for only the sophisticated Fortune 500 Companies. The International Swaps And Derivatives Association estimates that the collective amount of interest rate swaps grew from $2.3 trillion in 1990 to in excess of $142 trillion in 2003, and increasingly,...
- The Danger of Interest Rate Swaps. Norcross, Eileen // U.S. News Digital Weekly;8/17/2012, Vol. 4 Issue 33, p15
The author comments on interest rate swap. It makes reference to municipal bankruptcies, citing in particular the case of Jefferson County, Alabama, to highlight the danger of this debt instrument. The author explains that a government can own more in interest payments than taxes it receives...
- An Open Door for Swaps. McKaig, Ryan // Bond Buyer;11/25/2002, Vol. 342 Issue 31520, p1
Reports that administrative agencies involved in interest rates swaps have entered the derivatives market in New York City under the influence of finance legislation. Significant development in the interest rates swaps; Improvement in the debt management; Reduction in borrowing costs.
- Texas county, hospital district weigh suit over bad advice on swap deal. Preston, Darrell // Bond Buyer;07/27/99, Vol. 329 Issue 30691, p3
Reports that the El Paso County Hospital District and the government of El Paso County, Texas, have considered filing a lawsuit against a law firm that advised them to enter an interest rate swap agreement that was declared illegal by the state Attorney General's Office. Controversies arising...
- Swaps drop as base rate rise moves further away. Norman, Tessa // Mortgage Strategy;5/9/2011, p8
The article reports on the performance of swap rates in April 2011 as market expectations of an interest rate rise before the end of the year diminish, which fell by almost 0.4 percent from 3.05 percent on April 5 to 2.66 percent on May 5.