18FutureContracts,OptionsandSwaps资料.pptVIP

Listening Text 18.3 Swaps Listen carefully to the third part of the text and then try to translate some sentences. Swaps are contracts to exchange cash (flows) on or before a specified future date based on the underlying value of currencies/ exchange rates, bonds/interest rates, commodities, stocks or other assets. Text : Text : TYPES OF SWAPS WHO WOULD USE A SWAP? EXITING A SWAP AGREEMENT TYPES OF SWAPS A swap is an agreement between two parties to exchange sequences of cash flows for a set period of time. Usually, at the time the contract is initiated, at least one of these series of