Provident Risk Management Campaign Aims to Reduce Swap Fees on Interest Rate Swaps

Provident Risk Management campaign will give commercial borrowers the facts about swap pricing and try to ensure they get the best rate and avoid excessive hidden fees. Charlotte, NC (PRWEB) September 08, 2014 Provident Risk Management (PRM), a Charlotte based Rates Advisor to business and community banks, is launching a new campaign to educate commercial borrowers about hidden fees in interest rate swaps. The big four national banks routinely require commercial borrowers to hedge their floating rate loans by executing a swap. More and more regional banks are also selling swaps. These
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