Originally Posted by
squib
Guess you should have said swaps instead of drops initially, man. Regardless that opens up a whole new world of issues, they can't put something into open time if it's not actually open.
Oops, I did say that... To me that sounds like an inefficient (or incapable) system, not as a practice that would cost the company more money (in the case of swaps). I don't see why you couldn't put out a potentially open trip that would instantly approve a swap once it's picked up, as long as the credit is near the same. It could work great for both sides as long as everything is covered.