Zero Basis Risk Swap

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Zero Basis Risk Swap

An interest rate swap between a municipality and a financial institution. The municipality is the fixed rate payer and the financial institution is the floating rate payer. The floating rate the financial institution pays (and that the municipality receives) is identical to the adjustable interest rate on a floating rate note that the municipality previously issued. A ZEBRA makes a municipality's borrowing costs more predictable and therefore reduces its risk.
References in periodicals archive ?
Zebra stood proudly and told them all, "I'm a zebra, and that's very special.
Because the majority of zebras visit waterholes during the late afternoon, patience is absolutely necessary.
Then, during the afternoon, my thoughts turned to zebras.
Zebras gather in herds numbering from just a few individuals to several hundred, creating a magnificent scene on the African landscape of black and white and black and white and black and white.
The zebra is known for its black-and-white stripes.
In the middle of a raging thunderstorm, a traveling circus accidentally leaves behind some very precious cargo -- a baby zebra (voiced by FRANKIE MUNIZ).
The little zebra, or "Stripes," as Channing calls him, is soon introduced to the farm's misfit troupe of barnyard residents, led by a cranky Shetland Pony named Tucker (voiced by DUSTIN HOFFMAN) and Franny (voiced by WHOOPI GOLDBERG), a wise old goat who keeps the family in line.
The little zebra ran home as fast as his striped legs would carry him, His mother and his friends were glad to see him.
Zebra provides enterprise asset intelligence and operational visibility to organizations of all sizes and industries across the globe with technology-based solutions that ultimately help them see more and make more informed business decisions.
The Zebra Sports solution leverages the same tracking and location solutions technology that Zebra implements for multinational corporations in healthcare, retail, manufacturing and T&L to give visibility to an organization's assets, people and transactions.
NFL: "Working with Zebra will give fans, teams, coaches and players a deeper look into the game they love.