{"id":637958,"date":"2025-12-17T10:55:13","date_gmt":"2025-12-17T10:55:13","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/637958\/"},"modified":"2025-12-17T10:55:13","modified_gmt":"2025-12-17T10:55:13","slug":"dutch-pension-overhaul-risks-creating-basis-trap-for-banks","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/637958\/","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":637959,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3093],"tags":[118689,51,73822,299,474,478,6615,2441,1477,2499,31989,59849,16,15],"class_list":{"0":"post-637958","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-asset-allocation","9":"tag-business","10":"tag-euro-spot","11":"tag-europe","12":"tag-finance","13":"tag-interest-rates","14":"tag-investing","15":"tag-markets","16":"tag-netherlands","17":"tag-personal-finance","18":"tag-societe-generale-sa","19":"tag-superannuation","20":"tag-uk","21":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115734545866180512","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/637958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=637958"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/637958\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/637959"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=637958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=637958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=637958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}