Swaps
**Swaps**
What is Swaps?
A swap is a derivative contract through which two parties exchange financial instruments. These instruments can be almost anything, but most swaps involve cash flows based on a notional principal amount that both parties agree to. Common swaps include interest rate swaps (exchanging fixed for floating interest rates), currency swaps (exchanging principal and interest payments in different currencies), and credit default swaps (providing insurance against a credit event).
Which job functions commonly mention Swaps?
Which organizations are mentioning Swaps?
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