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Practical Law UK Glossary 9-107-7353
(Approx. 2 pages)
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Glossary
Swap
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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
.
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Derivatives
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9-107-7353
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