Sentences with phrase «interest rate swaps against»

Milan, in March 2012, settled its civil claims on interest rate swaps against Deutsche Bank, UBS, and JPMorgan Chase for 455 million Euros.

Not exact matches

«Requiring the banks to pay treble damages to every plaintiff who ended up on the wrong side of an independent Libor ‐ denominated derivative swap would, if appellants» allegations were proved at trial, not only bankrupt 16 of the world's most important financial institutions, but also vastly extend the potential scope of antitrust liability in myriad markets where derivative instruments have proliferated,» the U.S. Court of Appeals in New York said in the ruling.A U.S. appeals court on Monday revived private antitrust litigation accusing major banks of conspiring to manipulate the Libor benchmark interest rate, in a big setback for their defense against investors» claims of market - rigging.

In 2009, clients who had exposure to low interest rates were using rate options and swaps to hedge against a low - rate scenario.

Rather, the increase in spreads appears to reflect both tightness in the Commonwealth Government bond market (where supply remains limited and demand by foreign investors appears to have increased) and upward pressure on swap rates (one benchmark against which corporate bonds are priced) as companies have sought to lock in fixed - rate borrowings due to expected increases in interest rates.

Total - return swaps involve only an exchange of the returns on their underlying indices (namely, a stock index against a short - term interest - rate index) at a pre-determined frequency.

^ Fully or Partly blocked against Interest Rate Swap (IRS).

A fair value hedge lets a business hedge the value of its fixed - rate liability against interest rate changes in the market by swapping to a variable - rate liability.

A cash flow hedge lets a business hedge the uncertainty of cash outflow in interest payments on its variable - rate liability against changes in market interest rates by swapping to a fixed - rate liability.

Instructed as part of a team by a retail client in a multi-million pound Chancery Division claim against a bank for alleged mis - selling of a series of interest rate swaps

Wingate, a subsidiary of Guardian Care Homes, has brought an interest rate swap claim, against Lloyds, alleging that a 2011 settlement over swap mis - selling should be overturned because of the bank's libor fixing.

The Financial Conduct Authority's compensation scheme has led to the settlement for over 13,000 claimants with interest rate swap agreements worth about # 2 billion, so if Wingate is successful the case could become a catalyst to further similar legal claims against the banks.

Currently representing the Lehman Brothers Estate in a multi-billion derivatives dispute against Credit Suisse concerning the close - out of foreign exchange, interest rate and credit default swaps following the Lehman bankruptcy.

In Bolt Burdon v Tariq & Ors [2016] EWHC 811 (QB), Tariq and the other defendants asked the firm to represent them on a contingency fee basis in a claim against AlIied Irish Bank over a mis - sold interest rate swap.