SWAPS Definition

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SWAPS is when one currency is temporarily exchanged for another, then the currency is held and exchanged later after a fixed period of time. To calculate the swap take the interest rate differential between the two underlying currencies, thus it may be used for speculative purposes to exploit anticipated movement in the interest rates. See INTEREST RATE SWAPS.

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INTRACOMPANY means occurring within or taking place between branches or employees of a company.

CAPITAL RATIONING is restrictions put of the amount planned for new expenditures.

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