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Investments glossary

Hara-Kiri Swap


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We are totally opposed to abortion under any circumstances. We are also opposed to abortifacient drugs and chemicals like the Pill and the IUD, and we are also opposed to all forms of birth control with the exception of natural family planning.

— Judie Brown, President, American Life Lobby

A hara-kiri swap is an interest rate or cross-currency swap devoid of profit potential for the originator. The term became popular in the 1980s when Japanese banks and brokers were offerings very attractive rates in order to obtain business from mostly foreign companies. In Japan, hara-kiri is a form of slow ritual suicide. The swaps were dubbed hara-kiri because not making a profit on these types of transactions was viewed as financial suicide.


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