1.   At present, brokerage houses are allowed to buy or sell forward contracts and do currency swaps to assist customers buy or sell foreign securities.

2.   A currency swap occurs when two parties sell each other currencies and agree to re-exchange the principal at a later date.

3.   A currency swap can take the form of a contract that guarantees a cash flow in a foreign currency.

4.   A few were able to avoid the Japan premium and procure dollars cheaply by first borrowing yen at home then changing to dollars using currency swaps.

5.   Companies and countries use interest-rate currency swaps to guard against market swings increasing their debt payment costs.

6.   Currency swaps are common among top corporations, but Sanctuary is the first housing association to do one.

7.   Higher revenues from trading bonds, interest rate and currency swaps and equity derivatives were partly offset by lower revenues from trading U.S. stocks.

8.   In a currency swap, two parties agree to exchange future payments in one currency for payments in another at fixed exchange rates.

9.   Japanese securities companies are allowed to buy or sell forward contracts and do currency swaps to assist their customers in buying or selling foreign securities.

10.   Swaps are used to exchange fixed rate liabilities for floating rate liabilities, sometimes including a foreign currency swap to protect against currency risk.