Sentence examples for foreign exchange swaps from inspiring English sources
The bill also would allow the Treasury secretary to exempt an entire type of derivative known as foreign exchange swaps.
It recycled an additional $300 million of reserves as investment in foreign exchange swaps and options contracts, the fund said.
Mr. Gensler has also pointed out that the proposed legislation would exempt certain derivatives called foreign exchange swaps from regulation.
Many banks now offer a wide spectrum of products, including deposits, deliverable spots and forwards and foreign exchange swaps, as well as bonds and funds.
Ms. Miller said the foreign exchange swaps market was different from other derivatives markets and that under Dodd-Frank it would be illegal to use the instruments to evade tougher scrutiny that applies to other derivatives.
The exempted derivatives — instruments known as foreign exchange swaps and forwards — represent a $4 trillion-a-day global market and are one of the big banks' largest sources of derivatives trading revenue.
The bank also announced that it would conduct foreign exchange swap transactions to create liquidity in Swiss francs.
Earlier this month, the European Central Bank gave the Hungarian central bank access to 5.0 billion euros ($6.7 billion) to help support liquidity in the country's foreign exchange swap market.
The central bank for the euro zone said Thursday that it's giving its Hungarian counterpart access to 5.0 billion euros ($6.7 billion) to help support liquidity in the country's foreign exchange swap market.
The European Central Bank's efforts to provide US dollar liquidity in the foreign exchange swap market, along with similar efforts by the Federal Reserve, had a moderating impact on CIRP deviations between the dollar and the euro.
