FAQ: What are SWAPS?

These are Interest Rate Hedging Instruments that have recently received much press coverage. These are products which aim to reduce risk to interest rate fluctuations have been sold to small and medium sized businesses. They are typically sold alongside a business loan from banks. However, they can vary in complexity and can, therefore, be mis-sold in most cases. If you believe you have been mis-sold please feel free to contact CFS. Also visit https://www.fca.org.uk/consumers/financial-services-products/banking/interest-rate-hedging-products