It has become market practice for lenders to include wording in facility agreements that provides that the applicable IBOR (interbank offered rate) shall never be less than zero (a zero floor). But what happens if the transaction includes a corresponding interest rate swap (IRS)? Could the inclusion of a zero floor result in mismatches with rates payable under the swap?
Sucden Looks to Reduce FX Pricing Complexity, Increasing Volumes
Chatham Financial managing director Amol Dhargalkar is quoted in Euromoney, suggests limited liquidity tend...
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The loan market loves LIBOR...
Global markets are plotting a move away from the London Interbank Offering Rate (Libor).
NeuGroup FXMPG Summit 2018
NeuGroup FX Summit, hosted by Chatham Financial, discussed new hedge accounting policies and FX management implications of U.S. tax reform.
Learning Curve: The Promise and Perils of Deal-Contingent Hedging
Deal-contingent hedging can be a great way to hedge risks associated with mergers and acquisitions, but a number of pitfalls can flummox first time users of these specialist derivatives.
Chatham Financial Hires Alain Tourikian to Bolster Financial Institutions Capabilities
Chatham Financial, a global leader in debt and derivatives solutions, announced that Alain Tourikian has joined as Senior Advisor for Chatham Investment Advisors.
Foreign Exchange Awards 2018 | Corporations
After performing through some volatile years, corporate currency-risk managers earn growing respect
Derivatives: Deal-contingent Hedgers Set Sights on Infrastructure
Derivatives: Deal-contingent hedgers set sights on infrastructure January 3, 2018 “There is a complication,” says Conly. “It is one thing if the hedge is for a standard sale and purchase...
EU Proposals Feed Hopes of Forex Forward VM Relief
EU proposals feed hopes of forex forward VM relief By Lukas Becker and Nazneen Sherif November 17, 2017 “The proposed revisions to the Emir margin rules are a strong step towards the...
Analysing FX Exposures to Understand Risk
Without a tool to compare forecast trends for specific entities with the actual booked revenue and expense results...
The Fraught Search for a LIBOR Fallback
The fraught search for a Libor fallback By Chris Davis and Robert Mackenzie Smith November 13, 2017 Rob Mangrelli, director in global real estate hedging and capital markets at Chatham...
AFP Day 2: Trump’s Tax Reform and Synthetic Euro Debt
US treasurers are slowing down some operations as they are hopeful that President Trump’s proposed tax reform will come into play in 2018.
Reform Proposals Aim to Boost US Capital Markets
Reform proposals aim to boost US capital markets By John Doran October 6, 2017 Luke Zubrod, director of strategic initiatives at Chatham Financial, said: “Some of our clients have found it...
Buying Treasury Technology: All-In-One vs. Best of Breed
While there are many treasury technologies available to treasury teams, how do you determine which is the right solution for you?
Adding Harmony to Swap Trading Rules
Adding Harmony to Swap Trading Rules September 28, 2017 “However, there are a lot of unknowns about how equivalence for trading regimes will play out, Mr. Juzenas said, adding that trading...
Dodd-Frank Was Too Much — And Not Enough
Dodd-Frank Was Too Much — and Not Enough September 20, 2017 In some ways, the Dodd-Frank Act was an over-reaction to legitimate problems revealed by the financial crisis. The law identified many...
Dollar’s Decline Underscores Need to Hedge
The currency has been hit by geopolitical tensions, stronger growth overseas and the Trump administrations disarray.
Industry Pushes CFTC to Prioritise Cross-border Clarity
Industry pushes CFTC to prioritise cross-border clarity By Joanna Wright August 30, 2017 Eric Juzenas, director of Chatham Financial’s global regulatory solutions team, adds that decisions on a...
FX Risk: Break the cycle of “just keeping up”
The first step in managing your FX risk – collecting exposures from your business units – can be an exhausting and error prone process
FASB Releases Hedge Accounting Standard
Financial professionals will have some work to do in acquainting themselves with the new standard. A recent survey by...
Only One in Five Financial Risk Professionals Fully Comprehend FASB’s Hedge Accounting Updates
The Financial Accounting Standards Board (FASB) issued guidance on hedge accounting that will better align accounting with the economics of strategies used by companies.
Final US Position Limits Rule Will Take ‘At Least A Year’