Asset swap


Also found in: Acronyms.

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.
Mentioned in ?
References in periodicals archive ?
The asset swap spread performs essentially the same function as a CDS spread, so the two should be related by arbitrage.
According to Hasikos, the government has compiled a list of some 15,000 land plots for the asset swap.
32 per share, helped by $600 million from an asset swap in which it received stock for a producing field.
The Russian gas giant will be taking ENI's stake in the field as part of an asset swap between the two.
Sky could try to find a strategic buyer to sell the whole lot or to asset swap with another company because there are funding issues at the moment with the credit crisis and liquidity squeeze.
In April 2006 Gazprom and Germany's multinational chemicals giant BASF signed an asset swap deal during Russian-German consultations in the presence of President Putin and German Chancellor Angela Merkel in Tomsk, south-west Siberia.
It is the first time that the two firms have agreed to an asset swap and consolidates Tesco's position in Slovakia, where it leads the market, and the Czech Republic.
It is the first time the two firms have agreed to an asset swap and consolidates Tesco's position in Slovakia, where it leads the market, and the Czech Republic.
Previously, he spent ten years at Merrill Lynch in London and Tokyo where he was Head of Financials Trading and the Asset Swap Book.
In addition, the meeting participants discussed a possible asset swap.
Global Banking News-November 7, 2013--Societe Generale and Credit Agricole in asset swap agreement(C)2013 ENPublishing - http://www.
7bn) positive one-offs from the asset swap with German E.