Swing line facility

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Revision as of 15:00, 6 April 2013 by imported>Doug Williamson (Deletion of See also repair)
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A short term facility providing same day availability of funds, pending the arrival of funds from a normal two business day notice facility (which will provide longer term funds).

Used for example as a back-stop facility to commercial paper, or to fund same day value margin calls (for example on exchange traded derivatives contracts).