An agreement whereby two parties exchange terms For example, one party can swap a fixed rate payment stream for a variable rate payment stream (See SWAPS)
The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another A swap can be a swap against a forward In essence, swapping is somewhat similar to borrowing one currency and lending another for the same period However, any rate of return or cost of funds is expressed in the price differential between the two sides of the transaction
A contract calling for the exchange of payments over time Often one payment is fixed in advance and the other is floating, based upon the realization of a price or interest rate
If you swap one thing for another, you remove the first thing and replace it with the second, or you stop doing the first thing and start doing the second. Despite the heat, he'd swapped his overalls for a suit and tie Both sides swapped their goalies in the 30th minute
is a financial transaction in which two counterparties agree to exchange streams of payments occurring over time according to predetermined rules Swaps are used to change the currency or interest rate exposure associated with investments
To trade one asset for another For example, the sale of a block of bonds and the purchase of another block of similar market value Swaps may be made to achieve many goals, including establishing a tax loss, upgrading credit quality, extending or shortening maturity, etc
If you swap something with someone, you give it to them and receive a different thing in exchange. Next week they will swap places and will repeat the switch weekly I'd gladly swap places with mummy any day I know a sculptor who swaps her pieces for drawings by a well-known artist Some hostages were swapped for convicted prisoners. = exchange Swap is also a noun. If she ever fancies a job swap, I could be interested
In general, the exchange of one asset or liability for a similar asset or liability for the purpose of lengthening or shortening maturities, or raising or lowering coupon rates, to maximize revenue or minimize financing costs
a transaction in which an investor sells one security and simultaneously buys another with the proceeds, usually for about the same price and frequently for tax purposes (See bond swap)
~ The sale of a block of bonds and the purchase of another block of similar market value Swaps may be made to establish a tax loss, upgrade credit quality, extend or shorten maturity, etc