Success Stories

Improving Dollar Value on Termination

Partial Unwind From Over Commitment

The Situation
A medical developer was able to bring in a project $1.65MM under budget. The entire budgeted amount had been covered with a swap. Once construction was completed, they informed the bank of their intention to terminate the over-hedged portion. The bank valued the breakage cost at $285,000, including a $12,500 administration fee.

The Solution
Once the developer engaged Swap Negotiators, the swap advisor was able to negotiate a reduction both on the unwind valuation and the administrative fee. This negotiation resulted in a saving of more than $75,000.