Swap arrangements

Short-term reciprocal lines of credit between the Federal Reserve and 14 foreign centeral banks as well as the Bank for International Settlements. Through a swap transactions, the Federal Reserve can, in effect, borrow foreign currency in order to purchase dollars in the foreign exchange market. In doing so, the demand for dollars and the dollar's foreign exchange value are increased. Similarly, the Federal Reserve can temporarily provide dollars to foreign central banks through swap arrangments.

Swap Arrangements

Agreements between 15 central banks and the Bank for International Settlements whereby any of the participating institutions can borrow a foreign currency from one of the other ones in order to buy its own domestic currency on the open market. Swap arrangements allow participating institutions to effect changes on their exchange rates, while still allowing their currencies to trade according to market factors.

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References in periodicals archive

The government had also stated to take additional initiatives to make the Currency Swap Arrangements (CSA) usable with China.

Pakistan-China currency swap: how the deal supports?

The current gross official $8.2 billion reserves are largely maintained by taking short-term loans from commercial banks and taking Chinese and Saudi deposits under the currency swap arrangements.

Balance of payments crisis appears far from over

And other alternatives available included raising finances from the international bond market, enabling currency swap arrangements with trade partners to avert a fall in forex reserves and a return to the IMF was last on the list, he said.

Govt contemplating issuance of Renminbi bonds

Pakistan and China agreed to establish and improve cross-border credit system and financial services, strengthen currency swap arrangements and establish a bilateral payment and settlement system.

CPEC

Mack-Cali entered into interest rate swap arrangements to fix LIBOR for the duration of the loan.

$350m Mack Cali loan

The country also has bilateral swap arrangements (BSAs) for emergencies such as foreign currency fund shortage.

ASEAN central banks renew $2-B swap deals

In the case of a crisis, he proposed three measures: a high-level G20 hotline, a G20 market messaging system and currency swap arrangements.

G20 agrees to build confidence and reaffirms effective policy coordination

The Chiang Mai Initiative - which started as a series of bilateral swap arrangements in 2000 and has, over the last 14 years, developed into a multilateral currency swap arrangement - was the obvious way to improve cooperation, although it had its skeptics.

Boao Forum focus on currency, infrastructure

The Federal Reserve has established swap arrangements with the Bank of Canada, the Bank of England, the European Central Bank, the Swiss National Bank, and the Bank of Japan.

Fed says no swaps with foreign central banks in last week

He said that the Free Trade Agreementa[euro]s Currency SWAP arrangements and other such steps will further promote economic ties between the two countries.

Pakistan aims to increase rice export to China: Masood Khalid

Tokyo: Japan and Southeast Asian countries are in talks over expanding currency swap arrangements to help cushion their economies in financial emergencies, an official said on Thursday, ahead of a Japan-Asean summit next week.

Japan, SE Asia in talks to expand currency swap