INTEREST RATE CAPS
Interest swaps with an upper limit
Hedge against the possibility of higher interest rates while still benefiting if interest rates fall.
Pay an upfront fee to cap interest rate exposure.
Each period, we compare the capped rate to LIBOR or another specified benchmark.
If the benchmark rate is lower than the cap, you pay the benchmark rate. If the benchmark rate is higher, Associated Bank pays you the difference for that period.
Know your maximum interest payment.
Pay less when interest rates fall.
Protect against market volatility.
Terms can be tailored to the underlying financing.
Call 866-524-8836
Capital Markets Desk,
available Monday - Friday 7:30 a.m. – 4:00 p.m. CST