A B C D E F G H I J K L M N O P Q R S T U V W Y Z

Swap

In international trade, the trading of almost identical products (such as oil) from different locations to save transportation costs. See countertrade.

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SWIFT

Payment made through international electronic funds transfer via the system known as SWIFT (Society for Worldwide inter-bank Financial Telecommunications) offered by most major banks.

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Switch arrangements

A form of countertrade in which the seller sells on credit and then transfers the credit to a third party. See countertrade.

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