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Wednesday, 02 July 2014 00:00

How Veritaseum's UltraCoin Technology Could Have Saved Harvard Over $1 Billion! Featured

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In the 2008 to 2013 period, Harvard suffered huge losses due to their exposure to interest rate swaps which were used to swap floating for fixed interest rates. Things went downhill when the rates started to collapse and Harvard received a massive margin call on the swaps.

To limit its exposure to the interest rate swaps, Harvard took offsetting swaps, paying a huge premium to the other party. Harvard’s total losses look something like this…

Loss to Harvard = Loss of value of extant interest rate swaps + Premium of Offsetting Swaps + Penalty / charges          payable to the swap issuing entities (JP Morgan and Morgan Stanley)

harvard swap diagram

Our downloadable report illustrates how Veritaseum's UltraCoin peer to peer swap technology could have easily saved Harvard a bundle relative to what JP Morgan and Morgan Stanley charged them. Below is an excerpt from the full report, which is available for free download here.

UltraCoin Couldve Saved Harvard Over A 1 Billion

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