Listen to a Business English Dialogue about Reverse a swap
George: Hey Taylor, have you ever had to reverse a swap in your financial dealings?
Taylor: Yes, George. It’s not uncommon in our line of work. Sometimes, the terms of the swap agreement need to be adjusted due to changes in market conditions.
George: That makes sense. How do you typically go about reversing a swap? Do you negotiate with the counterparty or involve a third party?