2016年4月27日 星期三

swap, mediate, swap out, LIBOR, rate-rigging scandal


Marriott hotel chain to swap out towels made overseas for those made in America. abcn.ws/1rglScz
The move will bring 150 jobs to Standard Textile's facilities in Ga. and S.C.
ABCNEWS.GO.COM|由 ABC NEWS 上傳

UBS Is Said to Be Near Deal in Rate-Rigging Investigation

The Swiss banking giant UBS is expected to pay American and British fines of more than $450 million to settle claims that it reported false rates to increase its profit, officials briefed on the matter said.



 Banker Accounts On Libor Conflict
A recently departed Barclays executive said he was following orders from his boss and regulators when he instructed deputies to understate the British bank's borrowing costs in 2008, a statement that could intensify the political storm over top British officials' role in the interest-rate-rigging scandal.
 2011
Deutsche Bank Awaits Verdict in Swaps Case
Germany's highest court is expected to rule Tuesday whether Deutsche Bank misled hundreds of municipal clients and small companies about the risks of interest-rate swaps.



share swap ( swop), mediate


Israel and Hezbollah set for swap

Israel and the Lebanese militant group Hezbollah prepare to exchange prisoners under a UN-mediated deal.



China Unicom to Buy China Netcom

China revealed details of its telecom-industry restructuring, with China Unicom buying China Netcom in a $24 billion share swap.




FULL STORY 
China Merges Unicom,
Netcom in Revamp



revamp



swap
 (-pp-), UK ALSO swop (-pp-Show phonetics
verb [I or T]
to give something and be given something else instead; to exchange:
When you've finished reading your book, and I've finished mine, shall we swap?
We swapped addresses with the people we met on holiday.
When he got a job in a bank, he had to swap his jeans and T-shirt for a suit (= he had to wear formal clothes instead of informal ones).
[+ two objects] I'll swap you my chocolate bar for your peanuts.
We spent the evening in the pub, swapping (= telling each other) stories/jokes.

swapUK ALSO swop Show phonetics
noun [C]
an exchange, or something that is going to be or has been exchanged:
I thought Simon's food looked nicer than mine, so we did a swap.
This comic is a swap (= something that was exchanged) that I got from Nick.



mediate
verb [I or T]
to talk to two separate people or groups involved in a disagreement to try to help them to agree or find a solution to their problems:
Negotiators were called in to mediate between the two sides.
The two envoys have succeeded in mediating an end to the war.

mediation 
noun [U]
Last-minute attempts at mediation failed.







interest-rate swap
An agreement between two parties (known as counterparties) where one stream of future interest payments is exchanged for another based on a specified principal amount. Interest rate swaps often exchange a fixed payment for a floating payment that is linked to an interest rate (most often the LIBOR). A company will typically use interest rate swaps to limit or manage exposure to fluctuations in interest rates, or to obtain a marginally lower interest rate than it would have been able to get without the swap.
Investopedia Says:
Interest rate swaps are simply the exchange of one set of cash flows (based on interest rate specifications) for another. Because they trade OTC, they are really just contracts set up between two or more parties, and thus can be customized in any number of ways.

Generally speaking, swaps are sought by firms that desire a type of interest rate structure that another firm can provide less expensively. For example, let's say Cory's Tequila Company (CTC) is seeking to loan funds at a fixed interest rate, but Tom's Sports Inc. (TSI) has access to marginally cheaper fixed-rate funds. Tom's Sports can issue debt to investors at its low fixed rate and then trade the fixed-rate cash flow obligations to CTC for floating-rate obligations issued by TSI. Even though TSI may have a higher floating rate than CTC, by swapping the interest structures they are best able to obtain, their combined costs are decreased - a benefit that can be shared by both parties.



rigging


 
音節
rig • ging
発音
rígiŋ
レベル
社会人必須
[名][U]
1 ((通例 the〜))(船の)索具装置(ロープ, 鎖類一式).
2 (一般に)仕度, 仕掛け;索具の巻き上げ.
3 (選挙の)不正工作.
4 ((略式))衣服, 衣類.



沒有留言: