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The first loan will be swapped into equity before it comes due in March.
International discussions are also ongoing about creating "bail-in" bonds that could be swapped into core capital in a crisis.
The Citi example shows how those securities might be swapped into common equity and then sold, over time.
Most likely, the existing equity and preferred shares would be wiped out, and the debt would effectively have been swapped into equity in the new structure.
The Y chromosome, however, is passed essentially unchanged from father to son so as to prevent its male-determining gene from being swapped into the X chromosome.
Berlin is pushing a more stringent approach in which old debt would be swapped into new 7-year bonds — something that credit agencies are more likely to interpret as a "credit event," or default.
Under the deal Greece struck in July with its banks as part of Europe's rescue plan, a substantial portion of its existing bonds are scheduled to be swapped into new longer-term securities that could be valued at more than 70 cents to the euro.
More advanced approaches such as adaptive downsampling, compression, or other visualization representations could be swapped into the pipeline if needed.
The gains aren't counted as AFFO and, because they were swapped into "like kind property," they're tax deferred.
The defect-injectable VHDL models are swapped into FS circuit designs and the effects of the defects are analyzed in the context of the digital circuit.
Otherwise known as "Hardware 3," it's a Tesla-built piece of hardware meant to be swapped into the Model S, X and 3 to do all the number crunching required to advance those cars' self-driving capabilities.
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CEO of Professional Science Editing for Scientists @ prosciediting.com