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From: "Barrett, Paul S" To: Brad Wechsler <1 k "Jeffrey Epstein ([email protected])" <[email protected]> CC: "Nelson, Justin D" Subject: EUR Cross-Currency Funding Strategy to cheapen a EURO denominated
Justin D" Subject: EUR Cross-Currency Funding Strategy to cheapen a EURO denominated floating rate loan Date: Mon, 06 Jun 2016 17:15:22 +0000 Brad/Jeffrey For clients that have EUR based Libor loans. Credit lines at many banks floor the floating index at 0%. With 1-month Euribor fixing at -0.25%, many
rrett, Paul S" To: Brad Wechsler <1 k "Jeffrey Epstein ([email protected])" <[email protected]>
rowing in USD at 1-month Libor (plus a spread) and using a cross-currency swap to create a synthetic EUR loan. The cross currency basis swap pays me USD Libor and you pay -0.35% (so 35bps actually get paid to you as it is negative). This allows you to not only capture the benefit of negative rates but also
hank you. Not quite sure, but we may come to NY after 10 days. Will discuss more on this then and also the Marrakech plot. On Monday, June 6, 2016, jeffrey E. <[email protected]> wrote: - Credit lines at many banks floor the floating index at 0%. With 1-month Euribor fixing at -0.25%, the benefit of ne
From: "Jabor Y." To: "Jeffrey E." <[email protected]> Subject: Re: Date:
borrowing in USD at 1-month Libor (plus a spread) and using a cross- currency swap to create a synthetic EUR loan. The cross currency basis swap pays USD Libor and you pay -0.35% (so 35bps actually get paid to you as it is negative). This allows you to not only capture the benefit of negative rates but als
From: "Jeffrey E." <[email protected]> To: Shahzad Shahbaz < >
From: "Jeffrey E." <[email protected]> To: Shahzad Shahbaz
borrowing in USD at 1-month Libor (plus a spread) and using a cross-currency swap to create a synthetic EUR loan. The cross currency basis swap pays USD Libor and you pay -0.35% (so 35bps actually get paid to you as it is negative). This allows you to not only capture the benefit of negative rates but als
nk you. Not quite sure, but we may come to NY after 10 days.40 Will discuss more on this then and also the Marrakech plot. O= Monday, June 6, 2016, Jeffrey E. <[email protected] <mailto:jeevacation@gmail.=om» wrote: - 4> Credit lines at many banks floor the floating index at 0%. With 1-month Euribor fix
Y. Sent: Wednesday, June 8, 2016 9:36 AM To: Jeffrey E. Subject: Re: Thank you. Not quite sure, but
borrowing in USD at 1-month Libor (plus a spread) and using a cross- currency swap to create a synthetic EUR loan. The cross currency basis swap pays USD Libor and you pay -0.35% (so 35bps actually get paid to you as it is negative). This allows you to not only capture the benefit of negative rates but also
From: jeffrey E. <[email protected]> Sent: Monday, June 6, 2016 5:19 PM To: Shahzad Shahbaz; labor Y. - Credit lines at many banks floor the floating index a
borrowing in USD at 1-month Libor (plus a spread) and using a cross-currency swap to create a synthetic EUR loan. The cross currency basis swap pays USD Libor and you pay -0.35% (so 35bps actually get paid to you as it is negative). This allows you to not only capture the benefit of negative rates but also
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