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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.31+0.6%Nov 7 4:00 PM EST

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To: TobagoJack who wrote (44746)1/5/2009 3:38:43 AM
From: Haim R. Branisteanu1 Recommendation  Read Replies (3) of 217632
 
05 Jan 2009 08:11 GMT - DJ Swiss SNB Offers EUR10B In Currency Swap At -6.08 Swap Pts

ZURICH (Dow Jones)--The Swiss National Bank Monday offered up to EUR10 billion in a one-week euro/Swiss franc currency swap priced at -6.08 swap points.

The transaction, which starts Jan. 7 and matures Jan. 14, has a reference rate of 1.4975 and a forward rate of 1.421992.

The transaction, which the SNB issues in a joint action with the European Central Bank, is designed to ease supply strains in the money market.

Under the scheme, the SNB and the ECB buy euros against Swiss francs and simultaneously sell euros against Swiss francs at a fixed price.

The result of the offering will be announced later Monday.


-By Hans Schoemaker, Dow Jones Newswires; +41-43-4438049; hans.schoemaker@dowjones.com
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