risk associated with other party to contractthe possibility that the person or persons with whom a contract exists will fail to fulfill the terms of their side of the contract
Understanding and Using Currency Swaps This checklist explains what a currency swap is and why it is used. Currency swaps are sometimes called cross-currency swaps.
Viewpoint: Michael J. Panzner Forecasting the Credit Crunch and Future Market Prospects Michael J. Panzner is a 25-year veteran of the global stock, bond, and currency markets who has worked in New York and London for such leading companies as HSBC, Soros Funds, ABN Amro, Dresdner Bank, and J.P. Morgan Chase. He is the author of When Giants Fall: An Economic Roadmap for the End of the American Era (Wiley, 2009), Financial Armageddon: Protecting Your Future from Four Impending Catastrophes (Kaplan, 2007), and The New Laws of the...
Viewpoint: Anthony Bolton Savings is a Growth Industry Anthony Bolton managed one of the UK’s most successful and largest mutual funds, Fidelity Special Situations, from 1979 to 2007. Over that period the fund generated an annualized return of 20% (against some 8% for the FTSE All-Share Index). He graduated from Cambridge University with a degree in engineering and entered the City as an investment analyst at investment bank Keyser Ullman. In 1979, Bolton was hired by Fidelity, the Boston-based...