Swap | Practical Law
Swap
Enter to open, tab to navigate, enter to select
US Home
Global Home
NEW
Sign in
Sign in
All content
Search:
Search Westlaw
Search Tips
Advanced
Swap
Practical Law UK Glossary 9-107-7353
(Approx. 2 pages)
Glossary
Swap.
A
derivative
contract between two parties to exchange a series of cash flows for a stated period of time. Examples of swaps are the
interest rate swap
and the
currency swap
.
For an overview on swaps, see
Practice note, Derivatives: overview (UK): Swap
.