Swap

BitOoda Announces First Bitcoin Transaction Fee Swap

Professional services, Technology, Other Technology, Mobile, Wireless, Finance, Internet, Banking, Blockchains, Computer programming, Bitcoin, Cryptocurrencies, Structured product, Swap, Money, Computing
Thursday, May 21, 2020 - 2:00pm

BitOoda Holdings LLC and its subsidiary Ooda Commodities LLC (BitOoda) today announced the successful execution of the industrys first Bitcoin Transaction Fee Swap in partnership with Griid Infrastructure LLC and an undisclosed family office.

Key Points: 
  • BitOoda Holdings LLC and its subsidiary Ooda Commodities LLC (BitOoda) today announced the successful execution of the industrys first Bitcoin Transaction Fee Swap in partnership with Griid Infrastructure LLC and an undisclosed family office.
  • BitOoda structured and executed the Transaction Fee Swap, continuing its mission of spearheading next-generation structured products for data center operators and speculators.
  • BitOoda CEO Tim Kelly stated, Were thrilled to have collaborated with the talented team at Griid in executing the first Bitcoin Transaction Fee Swap.
  • When the opportunity arose to innovate with the Transaction Fee Swap, we jumped at it.

Georgia Capital PLC 1Q20 Trading Update

Energy, Professional services, Utilities, Finance, Economy, Currency swap, Monetary policy, Market liquidity, Swap, Finance, Money
Tuesday, May 19, 2020 - 9:30am

Georgia Capital PLC ("the Group") has published today its trading update for the first quarter 2020.

Key Points: 
  • Georgia Capital PLC ("the Group") has published today its trading update for the first quarter 2020.
  • The trading update announcement together with the supplementary financial information and investor presentation is available on the Groups website at https://georgiacapital.ge/ir/financial-results .
  • The duration of the call will be 60 minutes and will consist of a 15-minute update and a 45-minute Q&A session.
  • National Bank of Georgia eased capital requirements, introduced a $400 million currency swap facility, sold $120 million to provide FX liquidity and reduced the monetary policy rate by 50bps to 8.5%.

Toyota Announces Financial Results for Fiscal Year Ended March 31, 2020

Japanese yen, Swap, Economy, Japanese Recession
Tuesday, May 12, 2020 - 8:01am

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)

Key Points: 
  • (Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)
    Toyota City, Japan, May 12, 2020 - (JCN Newswire) - Toyota Motor Corporation (TMC) today announced its financial results for the fiscal year ended March 31, 2020.
  • Operating income decreased from 2.4675 trillion yen to 2.4428 trillion yen, while income before income taxes(1) was 2.5546 trillion yen.
  • Operating income, excluding the impact of valuation gains/losses from interest rate swaps, increased by 145.4 billion yen to 289.5 billion yen.
  • Financial services operating income decreased by 30.6 billion yen to 292.1 billion yen, including a loss of 17.5 billion yen in valuation gains/losses from interest rate swaps.

ECB and Bulgarian National Bank set up swap line to provide euro liquidity

European Union, Eurozone, Economy of Europe, Europe, European Central Bank, Euro, Currency swap, Central bank, Swap, Enlargement of the eurozone, Policy reactions to the Eurozone crisis
Thursday, April 23, 2020 - 12:08am

PRESS RELEASE

Key Points: 
  • PRESS RELEASE

    ECB and Bulgarian National Bank set up swap line to provide euro liquidity

    22 April 2020

    The European Central Bank (ECB) and the (Bulgarian National Bank) have agreed to set up a precautionary currency agreement (swap line) to provide euro liquidity.

  • Under the new swap line, the Bulgarian National Bank will be able to borrow up to 2 billion from the ECB in exchange for Bulgarian levs.
  • The swap line will remain in place until 31 December 2020, unless it is extended.
  • Bulgaria is preparing for participation in the exchange rate mechanism (ERM II), which is a prerequisite for an EU Member State to join the euro area.

ECB and Bulgarian National Bank set up swap line to provide euro liquidity

European Union, Eurozone, Economy of Europe, Europe, European Central Bank, Euro, Currency swap, Central bank, Swap, Enlargement of the eurozone, Policy reactions to the Eurozone crisis
Thursday, April 23, 2020 - 12:04am

PRESS RELEASE

Key Points: 
  • PRESS RELEASE

    ECB and Bulgarian National Bank set up swap line to provide euro liquidity

    22 April 2020

    The European Central Bank (ECB) and the (Bulgarian National Bank) have agreed to set up a precautionary currency agreement (swap line) to provide euro liquidity.

  • Under the new swap line, the Bulgarian National Bank will be able to borrow up to 2 billion from the ECB in exchange for Bulgarian levs.
  • The swap line will remain in place until 31 December 2020, unless it is extended.
  • Bulgaria is preparing for participation in the exchange rate mechanism (ERM II), which is a prerequisite for an EU Member State to join the euro area.

ECB and Hrvatska narodna banka set up swap line to provide euro liquidity

Eurozone, European Union, European System of Central Banks, Economy of Europe, Europe, Economy of the European Union, European Central Bank, Currency swap, Euro, Swap, Croatian National Bank
Thursday, April 16, 2020 - 12:07am

PRESS RELEASE

Key Points: 
  • PRESS RELEASE

    ECB and Hrvatska narodna banka set up swap line to provide euro liquidity

    15 April 2020

    The European Central Bank (ECB) and Hrvatska narodna banka (Croatian National Bank) have agreed to set up a precautionary currency agreement (swap line) to provide euro liquidity to Croatian financial institutions in order to address possible market dysfunction.

  • Under the new swap line, Hrvatska narodna banka will be able borrow up to 2 billion from the ECB in exchange for Croatian kuna.
  • The swap line will remain in place until 31 December 2020, unless it is extended.
  • Croatia is preparing for participation in the exchange rate mechanism (ERM II), which is a prerequisite for a Member State to join the euro area.

ECB and Hrvatska narodna banka set up swap line to provide euro liquidity

Eurozone, European Union, European System of Central Banks, Economy of Europe, Europe, Economy of the European Union, European Central Bank, Currency swap, Euro, Swap, Croatian National Bank
Thursday, April 16, 2020 - 12:04am

PRESS RELEASE

Key Points: 
  • PRESS RELEASE

    ECB and Hrvatska narodna banka set up swap line to provide euro liquidity

    15 April 2020

    The European Central Bank (ECB) and Hrvatska narodna banka (Croatian National Bank) have agreed to set up a precautionary currency agreement (swap line) to provide euro liquidity to Croatian financial institutions in order to address possible market dysfunction.

  • Under the new swap line, Hrvatska narodna banka will be able borrow up to 2 billion from the ECB in exchange for Croatian kuna.
  • The swap line will remain in place until 31 December 2020, unless it is extended.
  • Croatia is preparing for participation in the exchange rate mechanism (ERM II), which is a prerequisite for a Member State to join the euro area.

Victory Capital Fixes Interest Rate on $450 Million of Remaining Term Loan Balance

Professional services, Other Professional Services, Finance, Consulting, Banking, Accounting, Economy, Money, Finance, Interest rates, Banking, Swap, Libor
Tuesday, March 31, 2020 - 12:45pm

Opportunistically locking in this low rate, on nearly half of our total debt, reduces risk and further enhances our free cash flow profile.

Key Points: 
  • Opportunistically locking in this low rate, on nearly half of our total debt, reduces risk and further enhances our free cash flow profile.
  • As previously announced, the Term Loan was repriced in January 2020 to LIBOR plus 2.5%, reducing the interest rate spread by 75 basis points, from LIBOR plus 3.25%.
  • The Swap effectively fixes the interest rate, on 49% of the current $914 million outstanding balance, through the Term Loans maturity in 2026.
  • Victory Capital is a diversified global asset management firm with $142.4 billion in assets under management as of February 29, 2020.

Huobi Launches Perpetual Swaps to Help Traders Exploit Market Volatility

Finance, Money, Economy, Swap, Futures contract, Hedge, Arbitrage, Huobi
Monday, March 30, 2020 - 3:00pm

Similar to traditional futures contracts, perpetual swaps allow users to buy or sell assets at a specific price to hedge against market fluctuations.

Key Points: 
  • Similar to traditional futures contracts, perpetual swaps allow users to buy or sell assets at a specific price to hedge against market fluctuations.
  • "Perpetual swaps provide traders another tool in their arsenal to capitalize on market movements to create arbitrage."
  • At launch, Huobi DM supports inverse perpetual swaps, also known as coin-margined perpetual swaps, which are quoted in USD but margined and settled in a contract's underlying digital asset.
  • To provide users with flexibility in trading strategy, perpetual swaps trading is supported with up to 125X leverage.

Coordinated central bank action to enhance the provision of global US dollar liquidity

Economy, Money, Finance, Financial markets, Overnight indexed swap, Currency swap, Banking, Federal Reserve System, Federal Reserve, Market liquidity, Central bank, Swap
Monday, March 16, 2020 - 12:03am

PRESS RELEASE

Key Points: 
  • PRESS RELEASE

    Coordinated central bank action to enhance the provision of global US dollar liquidity

    15 March 2020

    The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing US dollar liquidity swap line arrangements.

  • These central banks have agreed to lower the pricing on the standing US dollar liquidity swap arrangements by 25 basis points, so that the new rate will be the US dollar overnight index swap (OIS) rate plus 25 basis points.
  • To increase the swap lines effectiveness in providing term liquidity, the foreign central banks with regular US dollar liquidity operations have also agreed to begin offering US dollars weekly in each jurisdiction with an 84-day maturity, in addition to the 1-week maturity operations currently offered.
  • The new pricing and maturity offerings will remain in place as long as appropriate to support the smooth functioning of US dollar funding markets.