Groups develop standardized interest-rate swaps contract

04/24/2013 | Bloomberg Businessweek · Risk.net (subscription required)

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.

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