Bear Stearns Financial Prod- Ucts Inc
City-funded organization
Bear Stearns Financial Products Inc. was a derivatives-dealing subsidiary of the former Bear Stearns Companies, the Wall Street investment bank that collapsed in March 2008 and was acquired by JPMorgan Chase amid the financial crisis; web searches could not confirm this subsidiary's current corporate status. Per Checkbook NYC, it holds one active contract with the NYC Office of the Comptroller worth about $77.1 million and has been awarded roughly $228.3 million since 2002, consistent with a financial-derivatives/counterparty relationship tied to city debt management.
- City contracts (active)
- $77,079,964 · 1 contract
- Awarded all-time
- $228,288,272 · 4 since 2002, incl. expired
- Paid to date
- $40,533,254
Holds contracts at
- Office of the Comptroller City agency
City contracts
Registered city contracts, largest first by current contract value (not amount spent): running now, then registered to start later, then ended. Totals count every registered contract. Each line shows its Checkbook contract ID. The tag on each row is how it was awarded (“no-bid” = non-competitive).
- PAY BMA AND RECEIVE A PERCENTAGE OF LIBOR Office of the Comptroller · CT101520050009647 $77,079,964
- PAY FIXED RATE IN EXCHANGE FOR CITYS VARIABLE RATE PAYMENT Office of the Comptroller · CT101520030016139 · ended 2020 $102,137,399
- CITY PAYS BMA AND WILL RECEIVE 4.1% ON THE SWAP Office of the Comptroller · CT101520050014347 · ended 2024 $25,387,670
- INTEREST RATE EXCHANGE AGREEMENT BASED ON CPI Office of the Comptroller · CT101520050036770 · ended 2017 $23,683,239