A method of swap starting in which swap dealers require that the swap begin not two business days but rather five business days. This type of start is similar to that used in the bond market where trades settle five business days after the trade. In this sense, the swap will not start immediately after the transaction is initiated. Therefore, this convention is similar to the forward start whereby a swap begins on some date in future. The corporate start seems to be losing its appeal in the market as most parties tend to use the spot start.