SWAP Confirms – Local Government Assistance Corporationskip breadcrumbs
For each interest rate exchange agreement (or swap) entered into by the State or its Authorized Issuers, a swap confirmation, summarizing the transaction, is provided by the counterparty (i.e. investment bank). Information contained in the swap confirmation includes the interest rate to be paid by the issuer, whether swap payments are insured, the timing of swap payments, the floating rate index to be used, and the termination date, among other data. Provided below are all swap confirmations entered into the State or its Authorized Issuers, arrayed by Authority, bonding program, counterparty and transaction date.
|2003 Transaction||JPMorgan – February 20, 2003 (PDF)|
|Morgan Stanley – February 20, 2003 (PDF)|
|SG – February 20, 2003 (PDF)|
|UBS – February 20, 2003 (PDF)|
|2004 Transaction||Goldman Sachs (2004 swap) – February 26, 2004 (PDF)|
|Morgan Stanley (2004 swap) – February 26, 2004 supplement of February 20, 2003 (PDF)|