Since its inception in March, Salomon Brothers' derivatives subsidiary Salomon Swapco, Inc. (Swapco), has directly executed nearly 100 transactions with about $10 billion notional amount (FX Week, February 15). Swapco has clients in North America, Europe and Asia and they include multinational corporations, banks, insurance and finance companies plus government agencies. Swapco is rated triple-A by the U.S. credit-ratings agencies Moody's Investors Service, Standard & Poor's Corp., and Fitch

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