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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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More from the Authors
  • Masdar City: Aiming for Sustainable and Profitable Real Estate By: Boris Vallee and Fares Khrais
  • Can Finance Save the World? Measurement and Effects of Coal Divestment Policies by Banks By: Daniel Green and Boris Vallée
  • A Case in Point: Shared Home Equity By: Daniel Green, Boris Vallee and Sean Bracken
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