Asset swap

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Asset swap

An interest rate swap used to alter the cash flow characteristics of an institution's assets in order to provide a better match with its liabilities.

Asset Swap

A swap in which the legs are two investments, one with a fixed return and one with a variable return. For example, two investors could agree to swap bonds, which have guaranteed coupons, and an index fund, which has a return linked to the performance of some index. The counterparties to an asset swap are usually seeking favorable cash flows to fulfill their investment goals. While it is not required, debt obligations are usually at least one of the assets that are swapped.
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The deal with Novartis follows a previous series of asset swaps between the two companies that completed earlier this year.
Gazprom is building a global strategic alliance with energy major Royal Dutch Shell that will include asset swaps and allow the Russian gas giant to penetrate new markets, its chief executive told Reuters.
UBS can facilitate central limit order book trades in Eris SwapBook, as well as block trades, and a variety of packaged trades including swap spreads, asset swaps, curve trades, and baskets of Eris Swap Futures.
However, last week saw a rash of deals in the healthcare industry, including value-creating asset swaps involving Glaxo, Novartis and Lilly, an approach by Valeant for Botox-maker Allergan, and Zimmer's purchase of Biomet.
2425%, in line with the guidance of asset swaps plus 155 basis point area and 177 bps over March 2019 Australian Commonwealth Government bonds.
2425 percent, in line with the guidance of asset swaps plus 155 basis point area, and 177 bps over March 2019 Australian Commonwealth Government bonds.
Specifically, exploration, development and production opportunities, debt and equity finance, asset swaps and data set exchanges will be reviewed in the course of finalizing terms.
In 2006 Gazprom and Sonatrach pledged to cooperate under a memorandum of understanding in Algeria, Russia, and overseas on exploration, production, transportation, and asset swaps.
This paper begins with a description of credit default swaps, total return swaps, and asset swaps and then focuses on the mechanics and risks of credit default swaps.
ENERGY giant BP and exploration firm BG Group yesterday agreed one of the largest North Sea asset swaps in recent history.
These include asset swaps, cross-currency swaps and cross-currency repos, which can be transacted freely.
In addition, a consenting corporation is unable to engage in tax-free asset swaps.