TITLE

Ad-Hoc Group Proposes Legislation To Allow Issuers to Use Swaps, Hedges

AUTHOR(S)
Watts, Jim
PUB. DATE
February 2007
SOURCE
Bond Buyer;2/15/2007, Vol. 359 Issue 32568, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article provides updates on the request of an ad-hoc group to use financial products in Texas. The ad-hoc group of financial advisers, bond attorneys and investment bankers is asking legislation that would clear the way for local government in the state to use interest-rate swaps and hedging instruments. It has been reported that the legislation is narrowly focused so that it covers only financial products and does not affect disclosure or other elements of municipal debt.
ACCESSION #
24144822

 

Related Articles

  • Ruling against Texas hospital swap may put similar deals in jeopardy. Preston, Darrell // Bond Buyer;07/26/99, Vol. 329 Issue 30690, p3 

    Reports that a ruling that the El Paso County, Texas, Hospital District illegally entered into an interest rate swap in 1996 may imperil attempt by other county health care providers to issue similar hedges. Restrictions in issuing swaps.

  • New York City Wants to Swap, And Big Savings Could Result. McDonald, Michael // Bond Buyer;6/7/2002, Vol. 340 Issue 31403, p1 

    Reports the plan of New York government to do interest rate swaps. Reduction of the interest rate costs; Discussion of the proposed crafting the legislation; View of the legislators on the bill.

  • MPs urge banks to speed up mis-selling compensation. GERRARD, NEIL // Caterer & Hotelkeeper;11/1/2013, Vol. 203 Issue 4801, p7 

    The article reports that the British Members of Parliament (MPs) are pushing banks to hasten compensation and redress payment to companies affected by the mis-selling of interest rate swaps. It states that only 32 companies accepted a £2 million settlement as of September 2013, despite the...

  • Freddie Opts Out of Hedge Accounting. Cornwell, Ted // Mortgage Servicing News;Dec2004/Jan2005, Vol. 8 Issue 11, p12 

    Reports on the cancellation of the hedge accounting treatment for Federal Home Loan Mortgage Corporation's derivatives in the U.S. Complexity of the accounting rules; Failure of the interest rate swaps to meet the hedge accounting requirements under Financial Accounting Standards 133; Management...

  • New Jersey state laws hinder localities' attempts to swap. McDonald, Michael // Bond Buyer;06/07/99, Vol. 328 Issue 30656, p31 

    Reports on the ambiguity of New Jersey laws on interest rate swapping and its effect on the state's finance. Cape May County Municipal Utilities Authority's experience in selling option on an interest rate swap; Provision of state agencies with the right to sell options on interest rate swaps;...

  • Tennessee updates statutes to clearly spell out swap powers. McEntee, Christopher // Bond Buyer;06/28/99, Vol. 328 Issue 30671, p30 

    Reports that Tennessee lawmakers have agreed to retool state law to include explicit language allowing municipalities to enter into interest rate swaps. Authority of swaps on the books; Provisions of the guidelines.

  • MPs want swap sale probe. Tolley, Steve // Money Marketing;5/3/2012, p24 

    The article reports that Members of Parliament are getting ready to file an official request to the British Treasury select committee to roll out an investigation into the potential misselling of interest rate swaps.

  • Pa. Talk: It's Time to End Swaps. BURTON, PAUL // Bond Buyer;1/14/2013, Vol. 383 Issue 33844, p1 

    The article informs that the lawmakers of Pennsylvania have picked up an argument over the interest-rate swap transactions conducted by the U.S. Municipalities. It mentions that the lawmakers are against with this swap practice as they are tackling with the complex derivative deals. It also...

  • Upstate N.Y.'s Ithaca College Readies $48.9M Refunding. Cataldo, Adam L. // Bond Buyer;9/2/2005, Vol. 353 Issue 32210, p3 

    Reports on the plans of Ithaca College to sell $48.9 million of revenue bonds to refund two series of bonds issued in the late 1990s in Ithaca, New York. Issuance of its debt through the Tompkins County Industrial Development Agency; Cost of Series B bonds that will be hedged with an interest...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics