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.
Plain vanilla swaps, like most derivative instruments, have zero value at initiation. This value changes over time, however, due to changes in factors affecting the value of the underlying rates. Like all derivatives, swaps are zero sum instruments, so any positive value increase to one party is a loss to the other.