Swap book

Swap book

A swap bank's portfolio of swaps, usually arranged by currency and maturity.

Swap Book

A list of potential swaps kept by a swap bank or a broker. A swap bank acts as an intermediary; it looks for potential counterparties for investors who want to engage in a swap. A swap book assists in this task; it is usually arranged by currency and maturity.
References in periodicals archive ?
AIG claims no losses have been incurred and the credit default swap book has been shrunk in half to $150 billion.
The programme is set to help OTP extend the maturity profile of its existing swap book and is subject to conditions on future foreign-currency lending, the EBRD said.
Corzine sounds a similar note: "We were barely involved in the derivatives business in 1985, and the kind of risk controls you need for that business in 1995 and a swap book of 1985 are just legions apart.
Later, at Lehman Brothers, he served as vice president for the central funding department, trading a mortgage financing book and a related interest rate swap book totaling more than $20 billion.
Previously, he spent ten years at Merrill Lynch in London and Tokyo where he was Head of Financials Trading and the Asset Swap Book.
Prior to this, he ran the long-dated Euro swap book.
At the time of the offering, the spread to Treasuries on the assets that the Company purchases were at historically high levels, making new investments beneficial to the portfolio and allowing the Company to enter into longer term hedges while reducing the overall rate on its total interest rate swap book.
In addition, Mike's prior responsibilities included oversight of an $800 million equity index swap book and the design of risk management analytics.
We scour reviews, trade shows and book news; we swap books amongst ourselves, and spend our nights and weekends tearing through as many of the choice books as possible.
There's this sense of family when it comes to books, children like to swap books and talk about them with others.
As an eReader, the Tablet will sync the last page with your smart phone and computer so you don't lose your place, you get expert recommendations from 40,000 booksellers, the tablet offers direct connections to friends with Face book and Twitter to discuss your reading and ratings, and you can swap books with LendMe[R].
At the far end of the tent were corners for children to read and swap books and indulge in some art activities.