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As Brazil's currency, the real, plummeted, the country suspended its financial-transactions tax, then intervened in foreign-exchange markets and again offered swaps to Brazilian companies in need of dollars.
Ariba, Lante, RealNetworks and Pumatech all offered swaps similar to Sprint's, according to Institutional Shareholder Services in Rockville, Md . Afew companies decided they could not even wait six months.
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The rule, in addition to mandating new risk controls and other safeguards for futures marketplaces, for the first time sets standards for exchanges to offer swaps contracts.
The rule, in addition to mandating new risk controls and other safeguards for futures industry marketplaces, for the first time sets standards for exchanges to offer swaps contracts, a more complex derivative that has long evaded oversight.
The legislation will still allow banks to appropriately hedge against changes in interest rates and currency valuations, and will be able to continue to offer swaps to customers in conjunction with traditional bank products like loans, according to her office.
One rival, Better Place, offers swap stations where drivers get a fresh battery in addition to charging points.
[A12.] Covad Plans $1.4 Billion Debt Swap The Covad Communications Group offered to swap bonds with a face value of $1.4 billion for a combination of cash and equity as it prepares to seek bankruptcy protection.
He says he offered land swaps that would give a Palestinian state almost all of the territory to the east of the 1967 boundary.
Activities are listed, jobs are offered, services swapped.
It offered to swap only 900 billion won of its receivables for equity.
The Federal Reserve offered to swap euros for dollars, easing pressure on European central banks, which were bleeding dollars.
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