Like swaps on interest rates and foreign currency, credit swaps outstanding dwarf the underlying bonds in circulation.

FORBES: Magazine Article

In 2000 ASEAN along with China, Japan and South Korea launched a multilateral arrangement of currency swaps, the Chiang Mai Initiative.

ECONOMIST: Regional economic integration has a long, long way to go

The Stoxx 600 banks index was up 0.5%, despite a report that the Bank of China has suspended currency swaps with European banks that had troubling euro exposure.

FORBES: European Stocks Stride Past Italy Downgrade, Show Gains

Chicago Mercantile Exchange -- The Chicago Merc should have a bang-up year with its large store of capital, and huge growth potential in currency exchange and swaps.

FORBES: Magazine Article

Certainly, the volume of currency derivatives (such as forwards, options and swaps) has risen sharply over the past year.

ECONOMIST: Currency hedging

Many of London's currency dealers have retooled themselves to trade more sophisticated products, such as interest-rate swaps and forward rate agreements.

ECONOMIST: Derivatives and foreign exchange