Although interest rate swaps frequently present issuers with the opportunity for significant savings, issuers should be aware of the risks.

One important factor is basis risk, which can turn a synthetic fixed rate into an unforeseen floating rate under some circum stances.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.