The process of entering into a swap by a swap dealer. The swap in question is said to have become part of the dealer’s book or portfolio (swap book). In this sense, taking a position in a swap by a dealer differs from the situation where the swap facilitator acts as an agent in a swap transaction and does not take the swap on its own books.
Positioning a swap is also referred to as booking a swap.
For more, see positioning of swaps.
