After years of high interest rates, a modest public-debt swap in 2010 cut short-term borrowing costs.
The bad bet on interest rates--a swap in which Harvard was paying a high fixed-interest rate and collecting a low short-term rate--goes back to a mandate from former Harvard President Lawrence Summers.
Regardless of the amount of difficulty involved, the big four emerging markets plus South Africa said earlier this week they were considering setting up a foreign-exchange reserve pool and a currency-swap arrangement in an effort to avoid any credit crisis stemming from the advanced economies.
Hughes, whose club gave up in their high-profile attempt to sign Barcelona striker Samuel Eto'o - now likely to join Inter Milan in a swap deal with Zlatan Ibrahimovic - has a glut of forwards in his bloated, 57-strong squad.
He wants a "land-for-land" swap - the transfer of areas in Israel currently populated by Israeli-Arabs to the control of the Palestinian Authority, in exchange for Israeli control of major Jewish settlement blocs in the West Bank.
Known for complicated financial transactions that have a penchant for avoiding taxes, Mr. Malone acquired his initial stake in DirecTV through a tax-free stock swap with News Corp. in 2008.
Japan is mulling whether to renew a currency-swap agreement that expires in October.
Swapnotes are swap futures denominated in two-, five- and ten-year maturities.
All this high-flying adventure--plus some bad bets on Harvard's part in the interest-rate swap market that had apparently been the brainchild of former university president Lawrence Summers--created a perfect financial storm.
For one thing, it is hard to know how much companies have in fact lengthened the maturity of their debts because the interest-rate swap market allows them to swap those fixed bond payments into cheaper floating debt, a popular strategy in the investment-grade market.
The deal would be a tax-free, stock swap in which each share of Qwest would be exchanged for 0.1664 CenturyTel shares.
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The second largest U.S. wireless carrier recently filed applications with the FCC, requesting approval to swap wireless spectrum with T-Mobile in 55 markets across 17 states.
Acquirers are paying more, but they are doing so painlessly, since their own shares, which serve as their currency in stock-swap transactions, are as inflated as those of their prey.
But persuading people to increase energy efficiency, drive a bit less, curb flying, swap their economies to alternative fuels - in a context that involves every single country in some way or other - well, that's tough.
The National Home Swap Scheme database will allow people in unsuitable accommodation - such as a pensioner who wants to move to a smaller home - to swap for something more suitable, he said.
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Two years ago Georgia Gulf was near bankruptcy, saved only by a debt-for-equity swap that cut its debt in half.
Skylanders Swap Force -- the latest crossplatform entry in the mega-successful Skylanders game franchise -- cements Activision's annual approach to its "toys to life" series.
He said the decision to swap out some previously commission-free ETFs in favor of others was made because the company wanted to offer iShares' "core" category of funds, which includes U.S. and international stocks.
"This would be a celebration and permanent legacy not only of our association with the FA, but would also mark 400 years since the city acquired Parker's Piece from the university in a land-swap deal, " he said.
Their frequent mixture within humans--compounded by our misuse and abuse of these antibio-tics in soaps and meat--along with their ability to swap DNA with other species, make it easy for them to spread acquired resistance.
Credit-default-swap spreads on European bank bonds are in almost all cases higher for banks that have less capital.
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At PricewaterhouseCoopers LLP, managers nominate six junior staffers who have been at the firm for three to six years to participate in a three-month swap between the U.S. and Australia.
Participants in the swap dealers category remain net-short, sharply cut their gross shorts and added slightly to gross longs.
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In a typical interest-rate swap, one party agrees to exchange a fixed-rate obligation with another that has a floating, or variable, rate exposure.
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That would be a big breakthrough, considering that Hizbullah's capture of the soldiers, with the intent of using them as bargaining chips for such a swap, sparked a 33-day war with Israel in 2006.
The remaining 550 prisoners in the swap deal will be released in about two months, according to the terms of the Egyptian-mediated deal.
"I would like to thank the swap meet for his hat, " Jay-Z said in his acceptance.
Instead, all 10 were sent off to Moscow in a pre-emptive "spy swap" before they could even get debriefed.
Lenders have already been hit once - it is the second such debt swap by Jamaica in three years.
They have a few weeks of negotiations to come up with a fully-fledged deal and a swap of Greek bonds early in the new year.
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