Swap sale

Swap sale

Also called a swap assignment, a transaction that ends one counterparty's role in an interest rate swap by substituting a new counterparty whose credit is acceptable to the other original counterparty.

Swap Assignment

A swap in which one party pays a leg to the counterparty, then assigns the other leg to a third party. Thus, the first party steps out of the deal, receiving or paying the net amount of the deal. It is also called a swap sale or swap novation.
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2: Old Salt Marine Garage and Swap Sale, Bay Pines Marina
47th Annual Westboro Ski Swap Sale includes new and used downhill skis, boots and clothing, skates and cross-country equipment, 9 a.m.-1 p.m.
A pilot study by the Financial Conduct Authority found 90% of the swap sale products had been mis-sold.
Gallery150 in the town is also staging an arts buy or swap sale on Tuesday.
I just want to play for England, whether that's 14, 15 or nine." Scrum half remains Foden's preferred position and his determination to play there prompted him to swap Sale for Saints last summer.
In 1992, McAdams made $115 million through a stock swap sale of Union National's holding company, Union of Arkansas, to Worthen Banking Corp.
3 Old Salt Marine Garage and Swap Sale, www.otdsaltfishing.org
But to continue the scheme they desperately need more donations to allow further school swap sales.
But in June 2010, Qalehbani implied that oil swap sales were a pain.
"We have clothes dating back to the 1920s and we take part in other events such as bric-a-brac and swap sales where people can bring their own clothes and swap them for ours for free!" Latisha and the volunteers who work in the shop have a real enthusiasm for vintage and wear clothing and accessories that reflect the different vintage styles within the shop.
Allied Irish Bank (UK), Bank of Ireland, Clydesdale and Yorkshire Banks, The Co-operative Bank and Santander UK have are the banks that have now agreed to review interest rate swap sales.
Liat Rubin, Simi and Chaya's childhood friend from Australia who visits the Frock Swap sales when in town, is a recent convert to modest dressing.