{"id":320611,"date":"2025-12-17T09:20:09","date_gmt":"2025-12-17T09:20:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/320611\/"},"modified":"2025-12-17T09:20:09","modified_gmt":"2025-12-17T09:20:09","slug":"dutch-pension-overhaul-risks-creating-basis-trap-for-banks","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/320611\/","title":{"rendered":"Dutch Pension Overhaul Risks Creating \u2018Basis Trap\u2019 for Banks"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody___5jDr\" data-component=\"paragraph\">Dutch pension funds are expected to unwind interest-rate swap trades as they move to a new investing model, leaving banks exposed to a \u201cbasis trap,\u201d according to Societe Generale SA.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody___5jDr\" data-component=\"paragraph\">The funds are likely to terminate a \u201ctoxic vintage\u201d of unprofitable derivative contracts linked to the Euribor benchmark that were initiated between 2019 to 2021 when borrowing costs were close to zero, according to Mathias Kpade, a rates strategist at the French bank.<\/p>\n","protected":false},"excerpt":{"rendered":"Dutch pension funds are expected to unwind interest-rate swap trades as they move to a new investing model,&hellip;\n","protected":false},"author":2,"featured_media":320612,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[29937,84,74437,591,4176,814,1086,467,1463,4174,4175,61863,11841,56,54,55],"class_list":["post-320611","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-asset-allocation","tag-business","tag-euro-spot","tag-europe","tag-finance","tag-interest-rates","tag-investing","tag-markets","tag-netherlands","tag-personal-finance","tag-personalfinance","tag-societe-generale-sa","tag-superannuation","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/320611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=320611"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/320611\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/320612"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=320611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=320611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=320611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}