Iceland's central bank and China also agreed to a $500 million foreign currency swap
The specifics of calculating the required collateral posting amount for foreign currency swap
counterparties is presented in Appendix B.
In New Zealand, every customer of HSBC Premier, the bank s flagship global personal banking scheme, enjoys services of a dedicated local relationship manager in addition to several other benefits such as zero-fees at countrywide ATM network, plus foreign currency swap
at any HSBC branch across the world without any commission and money transfer services globally amid customer s own HSBC accounts for free within just half-minute.
During the last month of 2014, the FX swaps were down to zero as the central bank released all its foreign currency swaps
which amounted to less than $1 billion in the previous month.
The solution to the financing of the current account deficit does not lie in anticipating capital flows, borrowing short-term money in the garb of foreign currency swaps
with Turkey, China, etc, but in raising our exports, shifting the current policy bias in favour of import substitution to exports and improving productivity through better access to technology and public and private investment in high-quality education and technical and vocational skills.
One is the use of short-term foreign currency swaps
in Reserve Bank domestic short-term liquidity management operations.
The European Commission is still waiting for clarifications from the Greek government on how it used foreign currency swaps
with US investment bank Goldman Sachs to mask the true level of its debt when it joined the euro.
The category includes repurchase agreements, primary credit, foreign currency swaps
, the Term Auction Facility (TAF), the Primary Dealer Credit Facility (PDCF), securities lent to dealers (including the Term Securities Lending Facility or TSLF), and credit extended to AIG.