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25 June, 10:23

Define swap in your own words?

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Answers (2)
  1. 25 June, 10:35
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    A financial contract where two counterparties agree to exchange temporary payments based on a pre-determined rate.
  2. 25 June, 10:38
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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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