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  • August 2017
  • Teaching Note
  • HBS Case Collection

Exotic Interest Rate Swaps: Snowballs in Portugal

By: Boris Vallee, Patrick Augustin and Philippe Rich
  • Format:Print
  • | Language:English
  • | Pages:9
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Abstract

This case explores a complex swap transaction implemented by Metro do Porto in 2007. It represents an opportunity to study fixed income derivative instruments, such as plain-vanilla swaps and structured swaps, as well as understand the opportunities and challenges of using innovative financial instruments. The public sector setting allows discussion of the political economy implications of such transactions. Teaching Note for HBS No. 217-050.

Keywords

Swaps; Public Finance; Structured Finance; Credit Derivatives And Swaps; Public Sector; Transportation Industry; Rail Industry; Portugal

Citation

Vallee, Boris, Patrick Augustin, and Philippe Rich. "Exotic Interest Rate Swaps: Snowballs in Portugal." Harvard Business School Teaching Note 218-018, August 2017.
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About The Author

Boris Vallee

Finance
→More Publications

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    FinTech Lending and Cashless Payments

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    • 2021
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    The Effects of Local Government Financial Distress: Evidence from Toxic Loans

    By: Boris Vallee and Julien Sauvagnat
    • October 2020
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    A Case in Point: Shared Home Equity

    By: Daniel Green, Boris Vallee, Sid Beaumaster and Yang (Dolly) Yu
More from the Authors
  • FinTech Lending and Cashless Payments By: Boris Vallée, Pulak Ghosh and Yao Zeng
  • The Effects of Local Government Financial Distress: Evidence from Toxic Loans By: Boris Vallee and Julien Sauvagnat
  • A Case in Point: Shared Home Equity By: Daniel Green, Boris Vallee, Sid Beaumaster and Yang (Dolly) Yu
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