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 ?
President Masisi made a promise to the senior team that he was considering to be part of the crowd that would be cheering the Zebras to finish off Malawi in the second leg next week.
"But it seemed to me this was not a good enough experiment, and I wanted to see how the stripes behaved on live zebras."
Coupled with Zebras recent announcement of its plan to acquire Profitect, these new offerings further expand Zebras software capabilities and broaden Zebras commitment to deliver intelligent edge solutions.
ISLAMABAD -- Marghazar zoo welcomed a baby zebra and named it Plintoff.
Summary: TEHRAN (FNA)- Are Laikipia's recovering lions turning to endangered Grevy's zebras (Equus grevyi) for their next meal?
In an (https://www.telegraph.co.uk/news/worldnews/middleeast/israel/6274874/Gaza-zookeepers-draw-crowds-with-painted-donkeys-after-zebras-die.html) unrelated incident in 2009, a zoo in Gaza painted two donkeys with black and white stripes after two of their zebras died.
Now, Grevy's zebras have decimated so much, they are listed as endangered in the International Union for Conservation of Nature.
In the past there have been many theories that have been suggested on why zebras evolved stripes.
Like yet another intrinsic part of British heritage, the boozer, zebras are being picked off at an alarming rate.
A head-to-head test of five explanations that researchers have proposed for zebras' distinctive patterning finds no support for other long-discussed ideas, says Tim Caro of the University of California, Davis.
Describe what was happening to the population of lions and the population of zebras in 1920.
The new arrival Curator of mammals, Tim Rowlands, said: "Since our female zebras arrived a few years ago we have worked very hard to breed this highly endangered species and the arrival of this foal is not only a really good achievement for us and good news for the species as a whole.