TITLE

Swap Specialist: Look at the Libor Alternative When Calculating Rates

AUTHOR(S)
McDonald, Michael
PUB. DATE
February 2003
SOURCE
Bond Buyer;2/14/2003, Vol. 343 Issue 31573, p32
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the recommendation of Peter Shapiro, managing director of Swap Financial Group that tax-exempt bond issuers should consider an alternative calculation of rates in order to compensate for short-term losses. Drawbacks of using the standard Libor rates of accommodating such losses; Adjustments made by issuers who are doing swaps to offset their losses.
ACCESSION #
9200087

 

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