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.
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"Whether we will raise part cash or part asset swap, we're still trying to finalize the decision for that.
Tom Wilson, president and CEO of Magellan, said, 'Completing our asset swap transaction with Santos is a transformational milestone for Magellan Petroleum and illustrates the continued execution of our turnaround strategy set in place last year.
AT&T Inc (NYSE:T), a US telecomms operator, announced on Monday 22 December that it has finalised an asset swap with Verizon Wireless, a US mobile network operator, after regulatory approval was received from the US FCC and Department of Justice.
There are two basic ways of determining a CDS spread, namely, from asset swap spreads and from calculation of expected CDS cash flows.
of Commerce, we identified George Wimpey (UK, construction) as a "major third country investor." A reader advises us that: "In 1996 there was an asset swap between Wimpey and one of its main competitors, Tarmac, which resulted in Wimpey acquiring Tarmac's private housing business and Tarmac acquiring Wimpey's world-wide contracting and quarrying operations ...
State-owned Rosneft has a 20% stake in Sakhalin-1 while Gazprom has been in negotiations to acquire a 25% stake in Sakhalin-2 in an asset swap with Shell.
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.
Russian gas giant OAO Gazprom is demanding that Royal Dutch/Shell re-negotiate the terms of a planned asset swap because of the soaring costs of the Sakhalin-2 project.
JSG said in a statement that earnings were due to higher interest charges associated with a leveraged capital structure, the absence of significant associate earnings and the completion of an asset swap with their SSCC partners at the end of March.
What appears to be restructuring for an emerging challenge in the Canadian financial arena, a wholly owned subsidiary of ING Groep NV., ING Canada agreed to a complex asset swap with Zurich Canada., a subsidiary of Zurich Financial Services Group of Switzerland.
Vivendi Universal topper Jean-Marie Messier has denied rumors that the company plans to sell its 23% share in satcaster BSkyB and says Vivendi U is still discussing an asset swap with another media concern.
LONDON (Alliance News) - Informa PLC on Wednesday said it has inked an asset swap agreement with information services group IHS Markit to strengthen Informa's market position in Telecommunications, Media & Technology sector.