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      <image:title>White Papers - Interest Rate Caps 101:  What Cap Buyers Should Know - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/c41b51a5-123f-4617-bff0-5e50975408cd/Graph+3.png</image:loc>
      <image:title>White Papers - Interest Rate Caps 101:  What Cap Buyers Should Know - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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      <image:title>White Papers - Interest Rate Caps 101:  What Cap Buyers Should Know - Make it stand out</image:title>
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      <image:title>White Papers - Hedging in Uncertain Times - Extending Cap Protection and Reducing Cap Reserve Requirements - Make it stand out</image:title>
      <image:caption>2 Year SOFR Swap Rates with Intraday Range</image:caption>
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      <image:title>White Papers - Hedging in Uncertain Times - Extending Cap Protection and Reducing Cap Reserve Requirements - Make it stand out</image:title>
      <image:caption>SOFR Swap Curve and SOFR Forwards</image:caption>
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      <image:title>White Papers - Hedging in Uncertain Times - Extending Cap Protection and Reducing Cap Reserve Requirements - Make it stand out</image:title>
      <image:caption>Current SOFR Swap Pricing</image:caption>
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      <image:title>White Papers - Hedging in Uncertain Times - Extending Cap Protection and Reducing Cap Reserve Requirements - Make it stand out</image:title>
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      <image:title>White Papers - Municipal Swaps 2020:  Is it Time for Municipals to Reconsider the Swap Market?</image:title>
      <image:caption>Figure 1</image:caption>
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      <image:title>White Papers - Municipal Swaps 2020:  Is it Time for Municipals to Reconsider the Swap Market?</image:title>
      <image:caption>Figure 2</image:caption>
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      <image:title>White Papers - Municipal Swaps 2020:  Is it Time for Municipals to Reconsider the Swap Market?</image:title>
      <image:caption>Figure 3</image:caption>
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      <image:title>White Papers - SIFMA/LIBOR Basis Swaps, Volume 2</image:title>
      <image:caption>Figure 1: SIFMA versus LIBOR</image:caption>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1548691118939-54YPLCNT2QSJ7NA2F701/image2-19.png</image:loc>
      <image:title>White Papers - SIFMA/LIBOR Basis Swaps, Volume 2</image:title>
      <image:caption>Figure 2: SIFMA versus 65% LIBOR Swap Curves</image:caption>
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      <image:title>White Papers - SIFMA/LIBOR Basis Swaps, Volume 2</image:title>
      <image:caption>Figure 3: Top Marginal Tax Rates</image:caption>
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      <image:title>White Papers - SIFMA/LIBOR Basis Swaps, Volume 2</image:title>
      <image:caption>Figure 4: Offsetting Swaps</image:caption>
    </image:image>
    <image:image>
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      <image:title>White Papers - SIFMA/LIBOR Basis Swaps, Volume 2</image:title>
      <image:caption>Figure 5: Basis Swap</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1548691425699-03913SMLSR4WL8AFYUB1/image6-27.png</image:loc>
      <image:title>White Papers - SIFMA/LIBOR Basis Swaps, Volume 2</image:title>
      <image:caption>Figure 6: Historical Savings 30 Year Basis Swap</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1548691449081-SHDC39GN4V42OVQMBILB/image7-29.png</image:loc>
      <image:title>White Papers - SIFMA/LIBOR Basis Swaps, Volume 2</image:title>
      <image:caption>Figure 7: Historical Savings 10 Year Basis Swap</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1548691471144-Z1R9OOK8QY6GWCUDG096/image8-31.png</image:loc>
      <image:title>White Papers - SIFMA/LIBOR Basis Swaps, Volume 2</image:title>
      <image:caption>Figure 8: Risk Horizon</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1548691608380-2EFESL7REDHX8MGOAHCM/image9-33.png</image:loc>
      <image:title>White Papers - SIFMA/LIBOR Basis Swaps, Volume 2</image:title>
      <image:caption>Figure 9: Decreasing Ratios</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1548691631966-LI0K3V7BPG0JPM7OS6XE/image10-35.png</image:loc>
      <image:title>White Papers - SIFMA/LIBOR Basis Swaps, Volume 2</image:title>
      <image:caption>Figure 10: Historic Interest Rates and Ratios</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1548691656892-WC5YYRXS5HPFIJH2070X/image11-37.png</image:loc>
      <image:title>White Papers - SIFMA/LIBOR Basis Swaps, Volume 2</image:title>
      <image:caption>Figure 11: Historic Returns 30 Year Basis Swap</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1548691686276-OM9US2Z654J3F66JSS6N/image12-39.png</image:loc>
      <image:title>White Papers - SIFMA/LIBOR Basis Swaps, Volume 2</image:title>
      <image:caption>Figure 12: Historic Returns 10 Year Basis Swap</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://kpm-financial.com/white-papers-source/2019/1/24/interest-rate-swaps-volume-1</loc>
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    <priority>0.5</priority>
    <lastmod>2020-04-14</lastmod>
    <image:image>
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      <image:title>White Papers - Interest Rate Swaps, Volume 1</image:title>
      <image:caption>Figure 1: Pay Fixed Swap Mechanics</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1550087056115-E0S361GM8TNRM5T235YX/image-19.png</image:loc>
      <image:title>White Papers - Interest Rate Swaps, Volume 1</image:title>
      <image:caption>Figure 2: Pay Fixed Swap Mechanics</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1550087140026-G3K545Q4Q6GTRGVHOTCH/image-21.png</image:loc>
      <image:title>White Papers - Interest Rate Swaps, Volume 1</image:title>
      <image:caption>Figure 3: Receive Fixed Swap Mechanics</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1550087247011-REHKU8KDRA1DSVK64ECJ/image-23.png</image:loc>
      <image:title>White Papers - Interest Rate Swaps, Volume 1</image:title>
      <image:caption>Figure 4: Receive Fixed Swap Mechanics</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1550087518231-JLYRVE923OYDJE4WGDYJ/image-25.png</image:loc>
      <image:title>White Papers - Interest Rate Swaps, Volume 1</image:title>
      <image:caption>Figure 5: Sample Fixed vs. Float Curves</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1550087637622-294B4DX68IPE3KE9BTVP/image-27.png</image:loc>
      <image:title>White Papers - Interest Rate Swaps, Volume 1</image:title>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1550087721742-IDOK5SSB4YX8NMS6PTYF/image-29.png</image:loc>
      <image:title>White Papers - Interest Rate Swaps, Volume 1</image:title>
    </image:image>
  </url>
  <url>
    <loc>https://kpm-financial.com/white-papers-source/2012/8/24/prepayment-comparison-fixed-rate-loans-vs-interest-rate-swaps</loc>
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    <priority>0.5</priority>
    <lastmod>2020-04-14</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1550088175484-0BZ8Q63779QGMB8Z6GCY/image-19.png</image:loc>
      <image:title>White Papers - Prepayment Comparison: Fixed Rate Loans Vs. Interest Rate Swaps</image:title>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1550088242278-N54AUCXIWRYPIOFXVW8W/image-21.png</image:loc>
      <image:title>White Papers - Prepayment Comparison: Fixed Rate Loans Vs. Interest Rate Swaps</image:title>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1550088396900-AWAVSMH7HWQQKCC32H3Y/image-23.png</image:loc>
      <image:title>White Papers - Prepayment Comparison: Fixed Rate Loans Vs. Interest Rate Swaps</image:title>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1550088427087-UCCLX6TA377E1IB7CI3E/image-25.png</image:loc>
      <image:title>White Papers - Prepayment Comparison: Fixed Rate Loans Vs. Interest Rate Swaps</image:title>
    </image:image>
  </url>
  <url>
    <loc>https://kpm-financial.com/white-papers-source/2012/2/24/ois-discounting-changing-the-way-interest-rate-swaps-are-valued</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2019-02-18</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1548791704469-HQA9VJYA97ER0C1Q9E16/image-17.png</image:loc>
      <image:title>White Papers - OIS Discounting: Changing the Way Interest Rate Swaps are Valued</image:title>
      <image:caption>Figure 1: 3 Month LIBOR forward rates versus Fed Funds forward rates</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1550088996967-6HF1DCM72VPQAMKYA93M/image-21.png</image:loc>
      <image:title>White Papers - OIS Discounting: Changing the Way Interest Rate Swaps are Valued</image:title>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1550088826835-JEZPEW0VESEQSLSMYEH4/image-19.png</image:loc>
      <image:title>White Papers - OIS Discounting: Changing the Way Interest Rate Swaps are Valued</image:title>
      <image:caption>Figure 2: 3 Month LIBOR versus 3 Month OIS over the past 5 years.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1550088947945-TKYIEEDBJLLGWJY0NRAR/image-23.png</image:loc>
      <image:title>White Papers - OIS Discounting: Changing the Way Interest Rate Swaps are Valued</image:title>
      <image:caption>Figure 3: Cashflows for a hypothetical swap under which end user pays a fixed rate of 5.25% and receives 1 Month LIBOR over the next 25 years on $100 million (non-amortizing). Fixed and variable cashflows are based on an Act/360 daycount. Monthly discount factors have been aggregated for brevity. Data source: Bloomberg</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1550089133462-YN9H7BKF9WVVHSJO11HF/image-25.png</image:loc>
      <image:title>White Papers - OIS Discounting: Changing the Way Interest Rate Swaps are Valued</image:title>
      <image:caption>Figure4: 1 Month LIBOR forwards versus current 10 year fixed swap rate. The swap rate assumes a floating index of 1 Month LIBOR, paid monthly, Act/360 daycount.</image:caption>
    </image:image>
  </url>
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  <url>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1549986142043-SGTJD4TFQMTZV1TO79RQ/image-asset.jpeg</image:loc>
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  <url>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1550591202647-WL7IC4BKS049SSI88D6G/image-asset.jpeg</image:loc>
      <image:title>White Papers</image:title>
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  <url>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1548882372806-RKJOGT7E1TQQAFAWUWQK/image-asset.jpeg</image:loc>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1552503660767-7ZQET3A0LN2A3BR34HGR/arbor-acres.png</image:loc>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1552503693760-0BMSQG2QVTA3KU1QQDFV/charlestonsouthern.jpg</image:loc>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1552503694688-ZID7V2VG1GE6RS00WYJ6/ProffittDixon.jpg</image:loc>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/5c41d814266c07f120572f7f/1552503662259-3H8PD9RYI59BTF0RY5J6/university-of-georgia.png</image:loc>
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  </url>
  <url>
    <loc>https://kpm-financial.com/msrb-disclosures</loc>
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