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Old 07-10-2008, 11:47 AM   #1 (permalink)
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What is SWAP?
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Old 09-04-2008, 10:02 AM   #2 (permalink)
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The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. In essence, swapping is somewhat similar to borrowing one currency and lending another for the same period. However, any rate of return or cost of funds is expressed in the price differential between the two sides of the transaction.
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Old 11-30-2008, 04:40 PM   #3 (permalink)
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Visit Investopedia -An Introduction To Swaps to learn more about it.
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