Sleeving

英文Sleeving

中文 (征集中)

英文释义

A transaction whereby a counterparty, which does not have credit with another counterparty, asks a third party that has credit with both parties to be a middle person to facilitate a trade. This practice achieved some notoriety in 1998 when it emerged that the collapsed US power marketer Power Company of America had been regularly sleeving forward electricity deals

中文释义

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