Supercalifragilisticexpialidocious is a word that we were introduced to in the 1964 Disney musical film “Mary Poppins”. What does it mean? Who really knows, but it is a pleasant sounding word and has a good ring to it.

Recently, I was introduced to a financial concept that I call interestrateriskderivativeswapcap. The word may not flow as easily, but it does have an interesting sound to it and combines, for the most part, much of what needs to be looked at when proposed as a risk-management option for credit unions.

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