Mis-sold Hedging Products – Using a forensic accountant to calculate consequential losses

It was reported in the news yesterday that Barclays has recently offered the highest payment so far to a victim of a mis-sold interest rate swap.

The offer relates to the sale of a structured collar, one of the more complex of the hedging products. Barclays has offered to switch the customer to a simpler product, waive the break costs of terminating the swap and repay the interest payments.

Whilst the bank has made the offer, unfortunately the customer will not receive …

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Interest Rate Hedging Claims – Do I need a forensic accountant?

As a forensic accountant, Inquesta has been involved in interest rate hedging claims for the last 12 months instructed by solicitors, but also acting for individuals and companies.

Interest rate hedging products, or swaps as they are now more commonly known, were aggressively sold to individuals and SME’s from around 2001 onwards, 2006 and 2007 being the most prolific time.

They are made up of many different products of varying complexities, including a basic swap, cap and collar. They are complex derivative …

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