An example of SWAP operation calculations is presented below. EUR/JPY SWAP = 1.0 point, GBP/JPY = 2.6 points.

Date	Instr	Amount	Price	Posit.	P/L	Balance	Descr.
2/26/2006 22:40	EUR/JPY	-350,000	138.78	Open	0	141,021.75
2/26/2006 22:41	GBP/JPY	-350,000	203.88	Open	0	141,021.75
2/27/2006 21:00	EUR/JPY	350,000	137.77	Close	3,040.08	144,061.83	Swap t/n
2/27/2006 21:00	EUR/JPY	-350,000	137.76	Open	0	144,061.83	Swap Open Rate 137.76
2/27/2006 21:00	GBP/JPY	350,000	202.21	Close	5,026.66	149,088.50	Swap t/n
2/27/2006 21:00	GBP/JPY	-350,000	202.18	Open	0	149,088.50	Swap Open Rate 202.184
2/27/2006 22:02	EUR/JPY	350,000	137.53	Close	693.61	149,782.09
2/27/2006 22:02	GBP/JPY	350,000	202.04	Close	434.26	150,216.36