In swap transactions, trading partners exchange debt securities with different interest rates, currencies and maturities. The purpose of swap transactions is to reduce financing costs. Swaps are not traded on exchanges, and retail investors do not generally engage in swap transactions. Instead, swaps are over-the-counter (OTC) contracts primarily between businesses or financial institutions that are customised to the needs of …
from Engine Forex https://engineforex.com/what-are-swaps/
via https://engineforex.com
Engine Forex 