n for the suit began in the early 1990s, when the Procter board was seeking to manage debt, and used derivatives to swap some fixed-rate debt with floating-rate debt. This is one of the most standard types of derivative. As Loomis (1995) explains, "P&G's specific objective was to negotiate a new $100 million swap that would (a) again put it in the position of paying floating rates and (b) squeeze these to a minimum. Specifically, the company wanted to pay its standard, upper-crust commercial paper rate (then about
Exchange Traded Derivative Products. (1969, December 31). In LotsofEssays.com. Retrieved 03:55, May 18, 2024, from https://www.lotsofessays.com/viewpaper/1694346.html