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22 April, 15:11

Define swap in your own words?

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Answers (2)
  1. 22 April, 15:46
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    A financial contract where two counterparties agree to exchange temporary payments based on a pre-determined rate.
  2. 22 April, 18:17
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    A swamp is a derivative contract through which two parties exchange the cash flows or liabilities from two different financial instruments.
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