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Swap Dealer

Swap Dealer Definition

Swap Dealer refers to a person who deals in swaps or makes a market in swaps. Swaps mean exchange of one type of asset, liability, investment, or payment for another. Currency swap is, for example, simultaneous buying and selling of a currency to convert debt principal from the lender's currency to the debtor's currency. Debt to debt swap is exchange of an existing debt into a new loan, usually with an extended payback period.







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