Identifying ‘Mis-Sold’ Interest Rate Swaps

Interest Rate Swap Claims are considered a popular investment tool for individuals and companies in Sacramento. These financial transaction allows both parties to hedge or protect their investments, mainly through the action of swapping their interest rates with each other.

A Cross Currency Swap has many benefits. Individuals and companies can use interest rate swaps to more or less fortify their financing options. Interest rates are subject to market changes; interest rate swaps simply help companies and individuals protect investments against the market’s volatility during specific periods of time.

Although interest rate swaps provide individuals and businesses benefits, the market for interest rate swaps can be dangerous.

Mis-selling interest rate swaps

According to the Financial Services Authority (now the Financial Conduct Authority and Prudential Regulation Authority), at least ’40,000 small to medium sized businesses were subject to mis-sold Credit Default Swaps in the United Kingdom.’

Due to that recent data, small and medium businesses need to start recognizing whether banks and other financial institutions (like a London clearing house) may mis-sell interest rate swaps to them.

In most cases, financial institutions are said to mis-sell interest rate swaps to customers when they fail to explain the risks of the Swap Rates during the point of sale or follow up. In contrast, fixed rate business loans are commonly confused as a mis-sold interest rate swap.

The All Square Treasury reported mis-sold swap rate transaction as having the following characteristics, particularly if a bank:

  • Failed to specify that a loan and interest rate swap were separate products.
  • Failed to specify possible alternatives for interest rate swaps.
  • Failed to specify whether the interest rate for the swap rate transaction was separate the payable margin on a loan.
  • Failed to specify what would happen if interest rates fell (to current levels).
  • Didn’t provide actual examples of an interest rate swap’s performance via a presentation or email.
  • Failed to provide an explanation of the swap rate transaction’s termination costs.

It’s important for banks and other financial institutions to explain the terms and conditions of their executed interest rate swaps. As a financial tool, interest rate swaps do possess volatile characteristics, which can ultimately affect the financial livelihood of a business or individual if they’re not informed.

Banks and other financial institutions may be held liable for poorly explaining or executing an interest rate swap. Today, several investigations into institutions who have mis-sold interest rate swaps have been conducted in the United Kingdom. It’s up to consumers themselves to use that information to decide whether they want to work with specific institutions or not.

Types of Surgeries Performed by Podiatrist

Nobody wants to undergo treatment, regardless of whether it’s by a physiotherapist, chiropractor or podiatrist. But in the long-term, surgery can be the right option for individuals suffering from a variety of foot and ankle pain. Over the past two-decades podiatric surgeons have pioneered speciality foot surgery within the NHS system.

A podiatric surgeon is specialised in the treatment of foot and lower extremities problems. However, they are not considered medical practitioners because they specialised in the lower limbs to provide expert treatment on all foot and ankle issues. Their training is 3-years of an undergraduate programme followed by 1-year of clinical practice and then a 3-year MA degree (MSc) in Podiatric Surgery.

If your foot problems have not responded to traditional or ‘conservative’ treatment plans than your podiatrist or GP could determine if surgery is the best option. A podiatric surgeon can offer a more specialised treatment in your foot or ankle than a medical practitioner or orthopaedic surgeon. Here are common surgery’s performed by podiatrist:

  • Fusion: This is done to relieve pain around the ankle when cartilage has been damaged or the bones of the ankle are fused. The fusion involves removing cartilage from a joint and then implanting a fixation device.
  • Bunion Surgery: There are more than 100 types of bunion surgery. Bunion surgery is based on your personal condition such as the joint involvement and bunion severity.  Generally speaking, the surgery is an incision on the top or side of the big toe and the soft tissue and bone is either removed or realigned.
  • Tendon Surgery: This is necessary when tendons (such as the Achilles tendon or Peroneal) have been damaged or destroyed and it is impairing mobility. A small incision is made in the skin over the damaged tendon and the torn ends are sewed. The podiatrist will check surrounding tissue to ensure long-term health.
  • Hammer Toe Surgery: After nonsurgical treatment has failed to correct hammertoe, surgery is the best approach. Surgery is the preferred option when the tendons and muscles involved have become toe, misaligned and immobile. The podiatrist may remove part of the bone structure at the top of the joint, tight or loosen muscles around the toe joints and realign the toe bones, tendons, ligaments and muscles.
  • Metatarsal Surgery: There are 5 metatarsal bones in your feet. There are several reasons why you might need surgery on these bones including: bunions, calluses, arthritis and foot trauma (such as a fracture). The podiatrist will cut the metatarsal bone behind the toe (location depends on which 1 of the 5 bones) and will be correctly aligned.

If you struggle with foot or ankle pain then a chiropodist can offer specialised treatment. An osteopath would rather find a non-invasive treatment plan for their patience but if conservative methods are futile they can provide safe and effective surgical options for a vast variety of conditions that will alleviate pain and provide a lasting solution.