Total return swaps provide an alternative vehicle to trading the underlying index of cash securities, to simplify and avoid the infrastructure and maintenance associated with cash positions.

A total return swap is a derivative contract where one counterparty pays sums based on a floating interest rate, for example Libor plus a given spread, and receives payments based on the return of a ...

today announced that it has entered into an amendment agreement in relation to its existing total return swap (TRS) with financial exposure to 4,578,588 Crayon shares, which was first announced in ...

But Basel III and other regulations had placed leverage constraints on banks. The Archegos total return swap that led to the demise of the banking giant Credit Suisse in 2021 provides a good example.

In relation to BW Offshore’s (the "Company") Long-Term Incentive Programme (LTIP) adopted in 2019, the Company's exposure relating to the 2019 award was hedged by a Total Return Swap (“TRS ...