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May 9, 2008 at 12:00 am

Maine Real Estate & Development Association (MEREDA) Hosts Next Breakfast Seminar, “Using Interest Rate Swaps to Hedge Rate Risk” on June 12, 2008.

Sponsored by: Norway Savings Bank

Join us on Thursday, June 12, 2008 from 7:30 – 9:00 AM at the Wyndham Portland Airport Hotel (Formerly The Sheraton Hotel), 363 Maine Mall Road, South Portland, ME to learn more about using interest rate swaps to hedge rate risk.

The presentation will include an introduction on how an interest rate swap converts floating rate obligations to a fixed rate, and the benefits and risks associated with using interest rate swaps.

One of the most important issues facing a developer is financing, and the interest expense associated with that financing. Interest rates are always changing, and have been particularly volatile in recent months. Can you afford to take the risk associated with borrowing at variable rates? Or is fixed rate financing more advantageous? Most developers prefer fixed rate loans, as this lowers cash flow volatility and facilitates long term planning. Today, more and more borrowers are using interest rate swaps to create fixed rates in lieu of conventional fixed rate bank loans, as swaps have many advantages over conventional fixed rate financing.

Interest rate swaps permit precise customization to accomplish particular financial and risk management objectives that might otherwise be unachievable, or costly to achieve. But what is a swap and how does it work? What are the advantages of using an interest rate swap? How can a swap help me hedge my rate risk? Should I consider a swap as part of my next loan?

Make plans to attend this breakfast meeting and learn the answers to these questions and more.

To Register: Sign up today by calling (207) 874-0801, or by clicking here to register online.

Registration Fee:
MEREDA Member: $30 pp
Non-Member: $40 pp

Register after June 6th:
MEREDA Member: $40 pp
Non-Member: $50 pp

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Categories: Press Release