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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will continue to own total return swaps on 4,229,933M shares, or 9.8% of HHC.
Among the terms defined were credit default swaps, credit linked notes and total return swaps.
This paper is based on the fuzziness of information that characterizes real financial markets; it then derives a fuzzy pricing formula for total return swaps using the double exponential jump diffusion model.
The cat bonds' collateral pools--the money generated from the sale of the bonds--was held in the form of total return swaps where the counterparty was Lehman Brothers.
We implement our equities trading strategy through the use of total return swaps, and their contribution to our results is included in our summary operating results under the caption "Net credit hedges and other activities."
Julia focuses her derivatives practice on total return swaps, credit default swaps, credit- and equity-linked notes, equity swaps and options, and other derivatives transactions, and the application of the new U.S.
Within the span of a 30-minute conversation, Rotchford, the executive vice president in capital markets for Cushman and Wakefield, discussed complex financial instruments, like total return swaps and preferred leverage, with a breeziness more appropriate for a Sunday brunch conversation about the Mets.
Includes interest rate swaps, caps, floors, collars, and swaptions; credit default swaps; total return swaps; and inflation-linked products.
"For several years, the CMA has permitted foreign access to listed shares through the use of total return swaps. These swaps have provided foreign investors with economic, but not legal, ownership of the underlying listed shares.
Head of EFS Sales, Americas, Johnny Wu, commented "As with all of our investable index products, Barclays will make the Women in Leadership index available via several investable formats, including total return swaps and structured notes as well as the ETNs.
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.
Conning and RASL are developing tailored strategies for insurers that utilize a variety of liquid instruments created in recent years -- including exchange-traded funds and total return swaps -- that are designed to produce returns that have low correlations to existing client portfolios.