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3 Feb 1995 BANK HEDGING LINE CREDIT IN DEVELOPING COUNTRIES. Nicholas availability of hard currency pre-export financing and the adoption of pricing policies .. however the lender could not justify the clause on this basis 

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Nonetheless, we find evidence of dealers hedging rapidly after large interest rate .. Single-currency interest rate swap (IRS): A swap in which periodic payments .. 92% of IRS contracts with tenors greater than 10 years had break clauses.