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.
The âpriceâ of a swap (sometimes. referred to as the par value swap rate) will be the coupon rate that makes the fixed rate bond have. a value equal to that of the floating rate bond, and thus causes the initial swap value to equal. zero.