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Warehousing

The act of managing a portfolio of a specific type of financial instrument/ product. For example, warehousing of swaps refers...

Running a Book

The act of managing a portfolio of a specific type of financial instrument/ product. For example, running a book of...

Positioning a Swap

The process of entering into a swap by a swap dealer. The swap in question is said to have become...

Swap Book

A portfolio of swaps that are held by a swap dealer. In the early days of the swap market, banks...

BPV

It stands for basis point value; a tool that is used to measure interest rate risk, especially that associated with...

Basis Point Value

A tool that is used to measure interest rate risk, especially that associated with swap trading books (swap book), bond...

Booking a Swap

The process of entering into a swap by a swap dealer. The swap in question is said to have become...

Swap Warehousing

A practice whereby an intermediary enters into one side of the swap transaction, such as a fixed rate payer (or...