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| - | A swap is an agreements to exchange (swap) different cashflows. For example, two parties might agree to exchange a stream of cashflows denominated in US Dollars with one in Euros. This is generally done for [[hedge|hedging]] purposes. | + | {{Glossary|An agreement to exchange (swap) different cashflows.}} |
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| | + | For example, two parties might agree to exchange a stream of cashflows denominated in US Dollars with one in Euros. This is generally done for [[hedge|hedging]] purposes. |
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| | [[Category:Derivatives]] | | [[Category:Derivatives]] |
Current revision
| Definition:
An agreement to exchange (swap) different cashflows.
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For example, two parties might agree to exchange a stream of cashflows denominated in US Dollars with one in Euros. This is generally done for hedging purposes.
