Swaps & Other Derivatives
Innovative Applications of Sophisticated Financing Techniques
Using a swap or a derivative transaction to lock in a better rate than would be available through a conventional bond issue or to hedge variable rate exposure requires a clear understanding of potential risks and of often obtuse documentation. When using complex financial tools it is critical for your attorneys to know the ins and outs of the products and what it means, both in the short- and long-term future, to enter into these agreements. Our attorneys have vast experience with interest rate swaps and other derivative products, and we are adept at understanding how to shape a transaction and related documentation to meet your objectives, and how to maximize flexibility for swap transactions, and minimize unintended consequences, in debt covenants.Share Awards
5 Mintz attorneys in this practice area are ranked among the legal profession's leaders in the 2022 edition
Experience representing governmental clients in connection with interest rate swaps dates back to the early 1990s, the genesis of swaps in the municipal market
For high-yield, tax-exempt securities, in both new money and workout transactions
Our practice mixes a sophisticated understanding of derivative financing structures and techniques and of the interplay between swaps and bond covenants with the ability to discuss the key concepts with clients from a business-minded, non-technical perspective.
In addition to serving debt issuers and obligors in connection with the use interest rate swaps and other derivatives to hedge risks or improve financial outcomes, we have drafted statutes authorizing the use of swaps and other hedges by governmental entities and helped many clients develop swap policies.
Our attorneys advise on frequent changes in regulatory requirements affecting market participants, including certifications required by swap dealers and ISDA form changes and choices. We assist clients in terminating or novating swaps. We have also served as counsel to public and private entities in connection with the use of high-volume commodity swaps to hedge fuel costs
- Fuel hedges
- Basis swaps
- Fixed to floating
- Floating to fixed
- Total return swaps
What Our Clients Are Saying
Client, Director, Private Equity Firm
Client, SVP, Financial Services Company
Our attorneys know the ins and outs of complex financial products. We'll collaborate with you to assess the risks and advantages of a swap or derivative transaction.