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Liability swap

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


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Interest risk management instruments, including fixed-to-floating interest rate swaps, basis swaps, floating-to-fixed rate liability swaps and a guaranteed investment contract provided by, or supported by, appropriately rated entities.
All of the company's Asset Swaps in the notional principal amount of $40 million and Liability Swaps in the notional principal amount of $67 million are not currently being utilized for hedging purposes.
 
 
 
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