Tuesday Midday Learning Opps
SWAP: A Four-Letter Word or a Valuable Tool?
- Tuesday, July 16
- 10:15 AM - 11:45 AM
- Austin Conv Center
- Level 4, 11AB
The Tax Cuts and Jobs Act (TCJA) of 2017 stripped universities of one of their most powerful debt management tools: tax-exempt advance refundings. This tool—which unlocked savings, guarded against interest rate risk, and allowed debt to be inexpensively reshaped—has vanished. What role will interest rate swaps play in the post-TCJA world? Hear how four universities decided to continue using swaps, the risks they have shouldered, and the lessons they’ve learned. Attendees will have opportunities to add their own “swap” stories to those of the panelists.
- Understand which debt structures did not perform in the most recent recession and why
- Look at interest rate swaps in a different light, post-tax reform
- Determine if interest rate swaps can deliver a unique benefit in a post-tax reform environment