Swap lines used to be used to provide dollars for foreign central banks to use to support their currencies in foreign exchange markets.

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Such agreements allow central banks to swap currencies and can be used by firms to settle trade in local currencies rather than in US dollars, as happens now, since China's currency is not fully convertible to other currencies.

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This hardware was used to build a simulated aircraft that ran many of the systems found on commercial aircraft and could swap data via radio with the air traffic and navigation systems used in the real world.

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Such agreements not only allow central banks to swap currencies, but can also be used by firms to settle trade in local currencies rather than in US dollars, as happens now, since China's currency is not fully convertible to other currencies.

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To make a legal case against Winnick, prosecutors will have to show that he knew that the swap transactions lacked an economic basis and were used to paint a false picture of the company's financial situation.

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People used these pop-up parks to "chillax" and swap stories.

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For example, if a trader takes 10% of his book for a ten-year swap, then 5% of his previous year's bonus is used for the same position.

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The package allows Norwegian banks to swap toxic debt products like mortgage-backed securities for new government bonds, which can then be used as collateral for borrowing from the central bank.

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