Notices

Swap

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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.
[[Category:Derivatives]] [[Category:Derivatives]]

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Definition:
An agreement 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 hedging purposes.