The phrase "as swap" is not correct and does not convey a clear meaning in written English.
It may be intended to refer to a context involving exchanging or trading something, but it lacks clarity and proper grammatical structure.
Example: "We can proceed with the transaction as swap, but I need confirmation first."
Alternatives: "as an exchange" or "in place of".
The platforms, known as swap execution facilities, were expected to open a window into the secretive world of derivatives trading.
But the DMO also has to think of other investors, such as swap counterparties and clearing banks, that need shorter maturities.
Even so, the rule still captured the biggest banks in the world, requiring them to register as swap dealers by Dec. 31 of last year.
The platforms, known as swap execution facilities, will open a rare window into the secretive world of derivatives trading and serve as a check on risky activity.
And in a sign of the spreading anxiety, the United States Federal Reserve, along with the European Central Bank and the central banks of Canada, Britain and Switzerland, announced the establishment of instruments known as swap lines.
Capital requirements will be imposed on energy companies and commercial end-users that are defined as swap dealers, or traders that make markets and regularly enter into derivative deals with counterparties on their own account.
Only $6 billion had to change hands in the Lehman auction, overseen by ISDA, because most payments had already been made as swap-sellers marked their positions to market; in all, $21 billion had been theoretically at risk.
Generally, banks serve as swaps dealers.
Goldman Sachs is said to have made as much as $500m from the transactions known as "swaps".
Changing characters and play sets is as easy as swapping the toys on the base.
Just as swapping dugouts to be closer to the fourth official made no difference.
