Introduction to Polyurethanes: Composite Wood. Polyurethanes play a major role in todayâs modern materials such as in composite wood, which is a combination of synthetic and natural materials.
Total Return Swap (TRS) A Total Return Swap (TRS) is a bilateral financial transaction where the counterparties swap the total return of a single asset or basket of assets in exchange for periodic cash flows, typically a floating rate such as LIBOR +/- a basis point spread and a guarantee against any capital losses.
Divestopedia explains Notional Value. In the case of a rate swap, the notional value is an arbitrary amount by which payment of interest is determined. For example, suppose that the notional value in an interest rate swap is $5 million and the two legs of the swap are at floating rate - perhaps LIBOR + 1% and a prefixed rate of 4%.