lookalike swap

Definition of "lookalike swap"
  1. A form of over-the-counter agreement, cash-settled based on the settlement price of a notably similar futures contract traded on an exchange on a specific trading day
How to use "lookalike swap" in a sentence
  1. The company negotiated a lookalike swap deal to hedge against future price variations.
  2. He used a lookalike swap as a risk management tool.
  3. The lookalike swap provided them with the leverage they needed, thanks to its correlation with futures contracts.

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