For the purposes of our discussion on the hedged portion of long-term debt, we have used non-GAAP measures in that we include all Cross-Currency Swaps
, whether or not they qualify as hedges for accounting purposes, since all such Cross-Currency Swaps
are used for risk management purposes only and are designated as a hedge of specific debt instruments for economic purposes.
For non-USD issuers, there is also noise from the underlying foreign exchange (Fx) exposures unless everything is swapped back to USD fixed or floating via cross-currency swaps
The firm also revealed details of its new services for Foreign Exchange (FX) options and cross-currency swaps
that help companies hedge against currency risk.
He added that the IIFM was working on several other standard contracts, including one for cross-currency swaps
and an interbank Wakalah agreement.
dollar, which particularly impacts the value of our Canadian cross-currency swaps
As the enforceability of the subordination of such termination payments is uncertain due to lack of legal precedent, the agency would factor the effects of swap termination payments potentially owed by the covered bond trust to the counterparty in the event of counterparty insolvency in its cash flow model analysis if CIBC's Short-Term IDR were to fall below 'F1+' and no further mitigants are in place which could result in a considerably higher liquidity level being consistent with the same rating stress as the market value of both the interest rate and cross-currency swaps
could vary significantly over time.
04 per diluted share, from the change in fair value of the interest rate component of the cross-currency swaps
related to the company's senior notes as required by SFAS 133.
According to the company's website, the firm is a market maker in 200 currency pairs in spot, outright forwards, NDFs, option contracts, cross-currency swaps
and exotic currencies.
Net debt is defined as total debt minus the fair value of cross-currency swaps
associated with debt minus cash and cash equivalents.
For the class A-1 notes, the provision of cross-currency swaps
The main reason we haven't seen more offshore issues this year is the spreads on the cross-currency swaps
liabilities by entering into cross-currency swaps
with BG Energy