If a swap dealer is "warehousing" a deal, the dealer will transact with the counterparties at different times, not simultaneously.

Name: If a swap dealer is "warehousing" a deal, the dealer will transact with the counterparties at different times, not simultaneously.
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When a swap dealer is "warehousing" a deal, they will execute the trade with each counterparty at different times, as opposed to simultaneously. This is usually done in order to manage the risk associated with the trade.

If a Swap Dealer Is "Warehousing" a Deal, the Dealer