Asset-Liability Management: Managing Swaps
Author: Robert Lamb.
Source: Volume 29, Number 01, Spring 2008 , pp.23-26(4)
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Abstract:
The use of asset-liability management (ALM) tools as part of an integrated risk management strategy is an accepted practice in the international business community. In the municipal arena, acceptance and use of swaps, variable-rate debt, and other instruments have been slower to develop, and disclosure of activities and analysis of risks is still developing. The author discusses risk management tools and best practices for management and oversight of swaps and explores the ways in which the credit community can best analyze their risks and benefits.Keywords:
Affiliations:
1: Lamont Financial Services Corporation.