- financial institutions
- private equity
- real estate
A large private equity firm executing an acquisition in a developed economy.
A private equity consortium had agreed to acquire a North American company. Due to the state of debt capital markets, a substantial portion of the debt capital structure was denominated in USD with floating rates.
The consortium and company needed to determine the best way to address the currency mismatch between cash flow and interest expense, as well as the optimal way to create a higher percentage of fixed rate debt. Chatham Financial educated the team on the use of cross-currency swaps, created transparency in the execution process of the hedging transactions, and assisted in the negotiation of the key documentation for the derivatives to ensure no hedge counterparty...
..."In this session, we're joined by Bob Newman from Chatham Financial. Bob shares the ins-and-outs of interest rate swaps and the process of implementing a hedging strategy at your bank.”Read More
...“Guidance expected from the Commodity Futures Trading Commission could change the way companies conduct cross-border swaps trading, a common means of offsetting contract risks. The guidance will apply only to international swaps transactions, so companies may choose to make more trades within their own borders "to eliminate the hassle," said Luke Zubrod, a director at risk advisory firm Chatham Financial.”...Read More
In a recent conversation with Luke Zubrod, Director of Risk and Regulatory Advisor at Chatham Financial, Zubrod believes that going into 2014 “the main question for non-financial end users is whether the margin regime apply.” Read More
Determining the accurate, fair value of commercial real estate loan debt or applied derivative instruments may seem simple on the surface. Nonetheless, improper measurements can lead to significant, long-term financial loss over the course of the loan or derivative. It may also prompt questions from investors, auditors, and regulators.
Independent third-party expertise: Chatham has been working with real estate companies for over 20 years, using proprietary models and independently gathered data to value debt and derivatives. And our advisors are in the markets every day, continually building market knowledge, monitoring trends, and adjusting for changing standards.
From caps, swaps, and FX forwards, through to more exotic derivatives, Chatham offers a robust platform that provides clients with real-time values via our secure website. Our...
Failure to properly measure the fair value of a derivative can result in significant losses over the life of the instrument. Using outdated valuation modeling techniques or simply not understanding how derivative fair values are measured often lead to additional scrutiny from management, auditors and regulators, further increasing costs to the company.
An independent third-party: Chatham’s trusted capabilities are comprehensive. We cover all types of interest rate, foreign currency and commodity derivatives—from caps and all types of swaps including cross-currency to FX forwards, options and exotic derivatives. Our robust platform uses proprietary methodology to provide clients with current values on our secure website. Our best-in-class valuation models have been tested and reviewed by auditors from the leading accounting firms. Simply put, we offer the most robust and...
“To me, this deadline is more pertinent to the trading platforms themselves than the market participants because the deadline for participants won’t really be until February 2014,” said Luke Zubrod, director in risk and regulatory advisory at Chatham Financial. I think, if anything, it is an opportunity for these companies to test out SEFs for the next 30 days without formally onboarding them.”Read More
“I think November 1 is a little ambitious,” said Luke Zubrod, a consultant at Chatham Financial. “As with most of the regulatory requirements [stemming from Dodd-Frank], the market is really not ready.”Read More