1.   Borrowers are able to swap out of their New Zealand dollar bond obligations and get cheaper funding than by borrowing directly in the currency they want.

2.   A spokesman for GECC in Stamford, Connecticut, said the company has swapped the bond obligation into a fixed-rate dollar obligation.

3.   Japanese bankers said the request shows the Fed is concerned that some Japanese banks could run into trouble finding long-term sources of funds to meet their dollar obligations.

4.   Japanese bankers said the request shows the Fed is concerned that some of the banks could run into trouble finding long-term sources of funds to meet their dollar obligations.

5.   Japanese bankers said the request shows the Fed is worried that some Japanese banks could run into trouble finding long-term sources of funds to meet their dollar obligations.

6.   Using complex derivatives called swaps, Tenaga is believed to have exchanged its dollar obligation for one in Japanese yen to get an even lower rate.

7.   Dealers said swap premiums rose sharply due in part to regional pressure and also because the Bank of Thailand has been settling forward dollar obligations in offshore markets.

8.   For every one dollar exporters sell, the central bank will provide currency protection up to one dollar of their outstanding dollar obligation.

9.   For every one dollar exporters sold, the central bank provided currency protection up to one dollar of their outstanding dollar obligation.

10.   He said this requirement was meant to ensure that exporters would use the hedging facility to protect themselves from currency risks instead of paying outstanding dollar obligations.