Understanding loan terms A–Z

Hybrid Structured Credit Funds: Securitisation moves into new paradigm


Alan Asset swap
Describes the package of swap plus investment where an interest rate swap or currency swap is used to change the interest rate exposure and/or currency risk exposure of an investment. Usually a combination of an interest rate swap plus fixed-rate bond. The obligations under the swap are usually independent from those of the asset.

Availability period
Period of time between the signing of a loan agreement and the expiry of the lender’s commitment to lend, during which the borrower is

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