000 00805cab a2200193 4500
001 WB2819-32
008 090401t1992 xxu||||| |||| 00| 0 eng d
035 _a(Sirsi) u7214
041 _aeng
245 _aInteresting hedge
260 _c1992
350 _a0
490 _aEstates Gazette
_v(9218) 9 May 1992, 60(1)
520 _aDescribes swaptions, a hybrid between swaps and options, which allow borrowers to cover themselves against the risk of interest rates going up (or down) over a specified period. The purchaser has the choice to swap variable interest rates into fixed ones at an agreed rate, at a specified date in the future, for a pre-established period of time.
650 _aINTEREST RATES
690 _aPROPERTY-PROPERTY FINANCE AND INVESTMENT
942 _n0
948 _c04/03/1997
999 _c4328
_d4328