Setting Aspirations and Targets

The principles of making value happen can be powerful tools to help a company achieve its goals— provided it knows what these goals are and how they link to value creation. All too often, a company’s externally communicated goals represent just an incremental increase over historical performance, and may link more to accounting measures such [...]

Constant matirity swap

In a constant maturity swap, one party pays a fixed rate, or a short-term floating rate such as LIBOR, and the other party pays a floating rate that is the rate on a security known as a constant maturity treasury (CMT) security. The transaction is also sometimes known as a CMT swap. This underlying instrument [...]