Rare card
Swap (finance)
- Value
- 50 W
- Attack
- 283
- Defence
- 227
- Players
- 0
In finance, a swap is a derivative in which two parties agree to exchange one stream of cash flows for another, based on some agreed formula. An example is a floating-for-fixed interest rate swap, which calls for (a) payments by one party based on the product of a floating interest rate and a fixed…
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