Working in collaboration with the International Swaps and Derivatives Association, SIFMA's Asset Management Group has developed a Market Agreed Coupon for interest-rate swaps contracts. The development is part of the industry's effort to move toward standardizing the market. "The MAC contracts provide the marketplace with the structure for a new alternative for transacting interest rate swaps using pre-agreed terms," said Timothy Cameron, managing director and head of the SIFMA Asset Management Group. Learn more about the work being done by SIFMA's Asset Management Group.
Published in Brief: