Swap Financial Group

The leading independent swap advisor

Swap Financial Group is the nation's leading independent swap advisor. We serve as a trusted provider of neutral expert advice to more users of derivative products than any other firm.

Our business is quite straightforward: we sit exclusively on the end user's and issuer's side of the table to develop and implement strategy, to assist in the evaluation of proposals from banks, investment houses, and other swap dealers, to make sure our clients get the best pricing and the best terms from the swap dealers, and to provide on-going support in managing derivative products such as interest rate, commodity, credit, currency and equity swaps and options. We are a specialized financial advisor, solely focused on assisting our clients in the prudent use of the capital markets and derivative products.

SFG is a totally independent firm, with its own base of capital and no outside financing of any kind. Peter Shapiro started the first swap advisory practice in the U.S. in 1993 and is considered one of the most seasoned professionals in the swap advisory business in the U.S., with decades of experience in the swap marketplace, including service on key committees of the International Swaps and Derivatives Association (ISDA), the Government Accounting Standards Board (GASB), the faculty of the National Association of Bond Lawyers (NABL), and the Securities Industry and Financial Markets Association (SIFMA) in helping devise the SIFMA Index (formerly known as the BMA Index), the benchmark for today's municipal swap market. Nat Singer joined the firm after serving more than two decades as a senior member of the derivatives and municipal finance departments of one of Wall Street's largest investment banks. He has frequently been asked to serve on advisory committees such as SIFMA's Municipal Financial Products Committee and the International Swaps and Derivatives Association. Nat is also board member of the Municipal Securities Rulemaking Board (MSRB) and serves on the Nominating and Governance Committee.

We serve four categories of clients: Governments and government agencies, non-profit organizations, for-profit corporations, and institutional investors. Our clients range from the largest and most prestigious organizations in their fields to many smaller entities with fewer resources.

SFG is registered with the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), and the Municipal Securities Rulemaking Board (MSRB). SFG is a registered Commodity Trading Advisor and member of the National Futures Association. SFG also serves its municipal issuer clients as a Qualified Independent Representative (QIR) as defined in the Dodd-Frank Act.