"Someone that had a yen-denominated debt due in 1999. That's the maturity of the JGB's."

"Use it like a zero coupon bond that matured in 1999."

"It could be the other side of a swap with a floating rate note."

"You could guarantee a yen fund with it."

Hasan nodded as the men exchanged ideas like tennis balls.

"You could use it for a derivative or synthetic."

"The banks could be buyers, then."

"Could we use it in house?"

"I'll run it by Donaldson in trading."

"But not until we know it's genuine."