Jan 14, 2016 19:42
8 yrs ago
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English term
near/far leg
English to Romanian
Bus/Financial
Finance (general)
Banking
near leg/far leg (settlement)
Proposed translations
(Romanian)
4 | schimb initial/schimb final | Ruxandra Jianu |
Proposed translations
13 hrs
schimb initial/schimb final
A swap is an agreement between two or more counterparties to exchange sets of cash flows over a period in the future. A swap has an opening leg (the initial exchange, also called the near-leg), a set of cashflows (not always), and finally a closing leg (the final exchange, also called the far-leg).
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