Law Changes May Increase Prevalence of Texas Swaps

Albanese, Elizabeth
February 2006
Bond Buyer;2/8/2006, Vol. 355 Issue 32315, p1
Trade Publication
The article reports on the effort being made by the legislators and business firms to increase the number of issuers to engage in swap transactions in Texas. A bill has been filed that allow any A-rated issuer in the state with 100 million dollar or more outstanding debt to participate in swaps. Nine types of issuers are recognized as authorized swap parties under the state law.


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