The accounting standard for derivatives and hedging activities (FAS 133) highly recommends that companies that engage in hedging practices have a formal statement outlining objectives and strategies for using derivative instruments (hedging policy). Read our white paper to learn more about the essential components of an effective hedging policy.

For more information on the ramifications of terminating derivatives and defending claims with the bankrupt Lehman Brothers, read our updates regarding the alternative dispute resolution procedures, loss calculations and rights of the non-defaulting counterparty.

FAS 157 has increased the level of detail and scrutiny on debt valuations. Read our detailed white paper to learn more about debt fair values and Chatham's FAS 157 compliant debt valuation methodology.

Association for Financial Professional's April Exchange Magazine Risk Column "Trimming the Sails: Navigating the hedging decision in an environment of historically low interest rates" by Razvan-Dominic Ionescu, a Chatham Financial derivatives consultant.

Negotiating defeasance provisions at origination can materially impact the bottom line.

British Banker's Association (BBA) LIBOR fixings in 10 currencies - EUR, USD, GBP, JPY, CHF, CAD, AUD, DKK, NZD, SEK

Japanese Bankers Association (JBA) TIBOR in Japanese Yen and Euroyen

The Securities Industry And Financial Markets Municipal Swap Index (formerly BMA Swap Index)

U.S. Treasury pricing, yields and yield curve - provided by Bloomberg

Key Bank of England rates

Defeasance Provisions - Understanding defeasance provisions when negotiating the terms of a new loan can save money and prevent surprises when it is time to defease

Excerpt of the Chatham contributed segment regarding how derivatives affect financing strategy from the CMSA 2006 resource. For more information please contact Mark Battistoni at mbattistoni@chathamfinancial.co.uk

Floor Protection

Using Interest Rate Swaps to Hedge Fixed Rate Assets