当股票交易所开始提供集中清算过的外汇交易市场和互惠信贷市场的时候，两者的界限变得越来越模糊。

The boundaries between the two are becoming blurred, as bourses offer centrally cleared markets in foreign exchange and swaps.

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信用互换/ 信用违约互换能够将有价证券的信贷风险转移给第三方的互惠信贷、对拖欠的本息支付负责的互换。

Credit Swap/Credit Default SwapA swap that allows the transfer of credit risk of a security to a third party, responsible for payment of principal and interest on default.

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经过数十年的酝酿，互惠外汇信贷计划已经在亚洲中央银行开始运作，这似乎像一个令人信服使用的工厂。

After more than a decade in the works, a currency-swap scheme among Asian central Banks is beginning to look like a facility that might conceivably be used.

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