Sentence examples for swap line from inspiring English sources
noun
A procedure whereby a central bank (usually the United States Federal Reserve) trades money with a foreign bank in one currency in exchange for an equivalent amount of money in the foreign bank's domestic currency, for the purpose alleviating a currency shortage.
Shaun Richards (@notayesmansecon) Interesting the #ECB and Bank of England have just extended the £ swap line for another year.
And South Korea established a $30 billion currency swap line with the Federal Reserve, a measure expected to ease pressure on local banks needing to refinance foreign debt.
Shortly thereafter, Poland reached an agreement with the European Central Bank on a currency swap line of 10 billion euros to tide it over during the crisis.
To relieve that pressure, the Fed lends dollars to the European Central Bank via a "swap" line, which the ECB then lends to its banks, for up to three months.
In addition, the central bank and the Bank of England announced Friday the establishment of a temporary swap line "to enable the E.C.B. to provide liquidity in pounds to its counterparties".
Now all it needs is a deep pool of yuan deposits, a generous swap line with the PBOC, an enticing menu of yuan securities, and a catchy, local name with which to market them.
We have existing swap lines with other central banks.
The committee met by teleconference on Sunday morning and formally approved the swap lines.
The currency swap lines that central banks set up among themselves have also been shut down.
These are $30 billion in Fed swap lines to each of four countries: Brazil, Korea, Mexico, and Singapore.
Acting on an unprecedented scale, the Fed expanded these swap lines by $330 billion, to $620 billion.
