Examinando por Materia "Interest rate swaps (irs)"

Mostrando 1 - 1 de 1
  • Miniatura
    PublicaciónAcceso abierto
    Uso de swaps de tasa de interés y de cruce de monedas como herramientas de cobertura para las empresas colombianas. Retos y oportunidades.
    (Universidad EIA, 2009) Arango Vélez, Eduardo; Arroyave Baena, Jaime
    This paper will provide a complete view of the theoretical and practical issues of the usage of swaps by Colombian real sector companies as hedging tools to manage their interest and exchange rates´ exposures. It developed a deep analysis of the advantages and challenges of the usage of interest rate and cross currency swaps in the Colombian economic environment, providing customized solutions to the different obstacles face in areas such as: the understandability of the characteristics and risk embodied by the product, the valuation methodology for the particularities of the Colombian markets and the accounting and tax treatment. This work had a special focus in the design of a pricing model for swaps, using bootstrapping and cubic splines interpolation techniques to estimate the interest rates curve, that would allow Colombian real sector companies to have an indicative swap´s mark to market valuation.