October 2013 Archive

A simple guide to Interest Rate Hedging Products or ‘Swaps’

A diverse range of small businesses have been affected by ‘hedging products’ that were sold by the banks over the last ten years. Intended to protect borrowers against exposure to interest rate rises they actually resulted in huge on-going exposure to pay large sums to the banks each month following the fall in interest rates. This has led to a huge number of claims against the banks that mis-sold these products, often known as swaps.
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