Your English writing platform
Discover LudwigExact(26)
It's a swap, but we decide in advance on what the conversion is, what the swap rate is, between euros and dollars.
However, the most realistic level at the moment was the blue-chip swap rate, used to buy Argentinian assets traded abroad.
In November, the federal court imposed pecuniary penalties of $10m each on ANZ and NAB for attempting to manipulate the bank bill swap rate.
Infosys began to monitor the credit default swap rate of every large client as a leading indicator of the likelihood of default.
These worries are also reflected in the premium that banks pay to borrow euros for three months compared with a risk-free swap rate.
ASIC has been investigating major banks over the integrity of their past bank bill swap rate (BBSW) submissions since 2012, suspecting traders of manipulating the rate to make more money.
Similar(34)
Rachel Springall at Moneyfacts says that regardless of swap rates, savings rates are still going down.
Banks use Libor as a basis of swap rates – the borrowing rate between financial institutions.
For most of the 1990s swap rates went up and down with interest rates.
That has pushed swap rates down.Textbooks say that arbitrage activity should eliminate this kind of gap.
It's all to do with what's happening with money market "swap rates" and gilt yields.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com