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Banc One Corporation Case C C

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Running head: BANC ONE CORPORATION CASE Banc One Corporation Case Name Institution Date 1 BANC ONE CORPORATION CASE 2 Banc One Corporation Case Banc One Corporation was created in 1990 and became one of the largest banks in the United States. The bank offers services such as insurance, brokerage services, and leasing and has more than 1800 branches scattered in 14 states. JP Morgan acquired Banc One in 2004. Bank One uses basis swaps to protect from hedge risk that is associated with imperfect hedging. A basis swap is an agreement in which two parties agree to swap variable interest rates depending on money market reference rates. Basic swaps are usually undertaken to restrict the interest rate risk a business may experience because of having different lending and borrowing rates. Some of the most common floating indexes in the US include T-bill, Fed funds, commercial paper and Lib ...
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