Was it Debt Swap or Collateralised Foreign Currency Loan? Substance over Legal Form Considerations

Brian Phiri Kampanje

MPRA Paper from University Library of Munich, Germany

Abstract: This is a transaction analysis in which deposit placement by PTA Bank in Malawi was classified as debt swap instead of a medium term loan. There was violation of substance over legal form principle and the study recommends that proper disclosures be made to rectify probable material misstatement of the financial statements.

Keywords: Currency; Swap; FCY; Loan, Debt, Malawi (search for similar items in EconPapers)
JEL-codes: F31 G21 G24 (search for similar items in EconPapers)
Date: 2022-08-15
New Economics Papers: this item is included in nep-ban
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:114359

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