Most swap dealers arrange swaps so that each firm that is a party to the transaction knows who the counterparty is.

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Most swap dealers arrange swaps through a process where the identity of the counterparty is not disclosed to the firms involved. This is known as an "anonymous" transaction, and it helps to mitigate counterparty risk and facilitate smoother negotiations and agreement terms.

Most Swap Dealers Arrange Swaps So That Each Firm That