The Hidden Costs of Non-Zero Interest Rate Floors in European Variable-Rate Debt Facilities

The Hidden Costs of Non-Zero Interest Rate Floors in European Variable-Rate Debt Facilities
March 2015
 
Floors above zero percent in leveraged finance transactions are not nearly as prevalent in Europe as they have been in the USA, but they have featured in an increasing proportion of European deals in recent years. The rationale for


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FI Bulletin: 4 Great Ways to Prepare for Rising Interest Rates

4 Great Ways to Prepare for Rising Interest Rates
March, 2015

Houston, we have a problem. When the prudential regulators jointly issued their warning for banks to prepare for rising interest rates over four years ago, the banking community took notice. As bad as the economy was in 2010, a fledgling recovery was already


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Talking Turkey

It’s that time of year when Americans from coast to coast start trembling with fear as they approach Thanksgiving dinner – and not just because of Aunt Ethel’s pumpkin kale casserole. This dinner table has regrettably become the annual moment most associated with awkward conversations, as everyone’s political, parenting, and pecuniary choices come


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Derivatives Regulation Case Study: Regulatory Compliance Assessment

Derivatives Regulation Case Study: Regulatory Compliance Assessment
Our Client:
A Fortune 100 technology company with international operations and multiple hedging programs involving exchange-traded and over-the-counter (OTC) derivatives across different asset classes, including foreign exchange, interest rates, and credit.
Situation:
The company was concerned about the impact of new derivatives regulations on its hedging programs, including


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The Real Independence Day

Not everyone can enjoy interest rate Independence Day because many are still beholden to what the market has yet to deliver.


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Did I Just Miss the Boat?

Ok, so maybe we haven’t seen a run up in rates like this in, oh, almost three years, but that doesn’t mean it’s time to panic.


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How to Think about Hedging and Hedge Accounting Implications when Refinancing

This white paper discusses financial and accounting drivers related to interest rate refinancing.


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Hedge Now, “Pay” Later: Benefits of an Interest Rate Cap

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As short-term interest rates continue to hover near zero, intermediate-term swap rates have recently fallen to their lowest levels of 2011, and


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