When the lending banks do not all hold the same hedging derivatives - either because the allocation is not on a pro‑rata basis, or because the derivative rates differ - does the pari passu principle still hold?”

When minor indexation features can derail hedging plans We have seen in the previous episode that indexation clauses should, as much as...

When explicit indexations create risk Passing the Buck We all know the story: first, supply chain disruptions in the wake of Covid, then...

Choose the right partner for your interest rate hedges.

Commodity Price Volatility: A Global Risk of Financial Accidents Recent examples of significant setbacks due to commodity price...