Total Return Swap

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Total Return Swap

A swap in which the two legs are an interest rate, whether fixed or floating, and the return on a set asset. The second party owns the asset, which is usually a set of loans, bonds, or an equity index. The advantage to a total return swap for the payer of the interest rate is that it allows him/her to benefit from the ownership of the asset without owning it. However, if the asset falls in price over the life of the swap, the payer of the interest rate is required to compensate the owner of the asset for the amount the asset has lost.
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It provides a front to back office solution for change transactions counting Contracts for Difference (CFDs), Total Return Swaps (TRS) and Portfolio Swaps over a range of underlying assets including Equities, Futures, Bonds, Index/Sector Indices and Custom Baskets on a single or cross-currency basis.
transaction: Type of financial instrument: Total Return Swaps.
Foreign investors have been able to buy Saudi shares indirectly by means of total return swaps via licensed brokers up to now.
Others included are Dr Hamid Hassan and Dr Daud Bakar, while there is a contribution from Sheikh Talal de Lorenzo in a case study on total return swaps and Shari'ah conversion strategy.
In the UK absolute funds are regulated by the FSA, have limits on gearing and utilise synthetic derivatives which can be used for long and short positions, such as contracts for difference, total return swaps, currency swaps, options, futures and credit default swaps.
real estate related assets through total return swaps.
In addition to the 11,069,136 common shares disclosed in our most recent public filing, we also have added derivative exposure to Euronext through cash-settled total return swaps in respect of 4,484,592 notional shares.
This authorisation, and the company's exercise of its passport right to provide similar services across the EEA, opens the door for institutions throughout Europe to access the US longevity markets by investing in 'physical' life insurance policies, known as life settlements, as well as structured notes or certificates and derivative transactions such as total return swaps.
0 Index will also be useful as the basis for investable index products such as total return swaps, structured notes and exchange-traded funds (ETFs).
Index listed and OTC options in addition to all delta-1 products (creation/redemption, dividend swaps, total return swaps, correlation swaps, variance swaps, EFP)
Our Asset Management division has already launched discretionary portfolio management (DPM) services and finalized its structure for delivering total return swaps (TRS).
We contend the Core Bond Fund lost significantly more than many peers because it had large holdings in mortgage-backed securities, credit default swaps and total return swaps that plummeted in value when the real estate market fell," said Jeffrey C.