Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Faculty & Research
  • Faculty
  • Research
  • Featured Topics
  • Academic Units
  • …→
  • Harvard Business School→
  • Faculty & Research→
Publications
Publications
  • 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
ShareBar

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.
  • Purchase

About The Author

Boris Vallee

Finance
→More Publications

More from the Authors

    • August 2023
    • Journal of Finance

    Can Security Design Foster Household Risk-Taking?

    By: Laurent Calvet, Claire Célérier, Paolo Sodini and Boris Vallée
    • June 2023
    • Faculty Research

    Seso Global: Building a Blockchain-enabled Property Marketplace in Nigeria

    By: Boris Vallee, Sean Bracken and Yang Yu
    • February 2023
    • Faculty Research

    The Big Blue (B): Evolution

    By: Boris Vallee and Sean Bracken
More from the Authors
  • Can Security Design Foster Household Risk-Taking? By: Laurent Calvet, Claire Célérier, Paolo Sodini and Boris Vallée
  • Seso Global: Building a Blockchain-enabled Property Marketplace in Nigeria By: Boris Vallee, Sean Bracken and Yang Yu
  • The Big Blue (B): Evolution By: Boris Vallee and Sean Bracken
ǁ
Campus Map
Harvard Business School
Soldiers Field
Boston, MA 02163
→Map & Directions
→More Contact Information
  • Make a Gift
  • Site Map
  • Jobs
  • Harvard University
  • Trademarks
  • Policies
  • Accessibility
  • Digital Accessibility
Copyright © President & Fellows of Harvard College