Reuters logo
4 个月前
BRIEF-Metlife began restructuring derivative hedges
2017年5月5日 / 上午11点02分 / 4 个月前

BRIEF-Metlife began restructuring derivative hedges

May 5 (Reuters) - Metlife Inc:

* Metlife - during Q1, began restructuring some derivative hedges to partially stabilize volatility from nonqualified interest rate derivatives

* Metlife - began restructuring derivative hedges "to help meet prospective dividend and free cash flow objectives under varying interest rate scenarios"

* Metlife - restructuring of hedge program outside of brighthouse financial segment is "substantially complete" in meeting co's initial objectives

* Metlife - as part of restructuring, replaced certain nonqualified derivatives with derivatives that qualify for hedge accounting treatment

* Metlife says as part of restructuring, co also entered replication transactions using interest rate swaps

* Metlife - anticipate co will need to undertake certain additional tasks to comply with certain exemptions provided in dol regulations related to ERISA

* Metlife - application of rules related to ERISA on June 9, in light of rule reconsideration requested by president Trump, could negatively impact product sales

* Metlife - operating expenses within businesses could increase as a result of uncertainties during negotiation period and upon UK’s withdrawal from EU

* Metlife - UK business model utilizes certain rights to operate cross-border insurance, investment operations which may be modified/eliminated if UK exits EU

* Metlife - if current rules on government procurement under NAFTA modified or eliminated, it could materially impact business in Mexico, given co's business model Source text: (bit.ly/2pg3kZo) Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below