wiktionary swap A swap generally refers to the barter ing of one thing for another, but it may also refer to tocright Finance Swap finance , a derivative in which two parties agree to exchange one stream of cash flows against another Technology Swap space Paging , dealing with a computers virtual memory, when parts of it is stored on slow and cheap memories like HDD Swap computer science , exchanging two variables in the memory of a computer SWAP Solar Wind Analyser around Pluto , a space instrument aboard the New Horizons spacecraft SWAP Sun Watcher using Active Pixel System Detector and Image Processing , a space instrument aboard the Proba 2 satellite Engine swap , to change the engine of a car Other Sw p , an Anglo Swedish folk music band Sector Wide Approach SWAp , an approach to international development Swaps horse 1952 1972 , California bred American thoroughbred racehorse See also Swapping disambiguation disambig cs Swap da Swap de Swap es Swap fr Swap ko it Swap nl Swap ja pl Swap ujednoznacznienie ru sk Swap ... more details
Unreferenced date July 2008 Context date October 2009 The Sun Watcher using Active Pixel System Detector and Image Processing SWAP telescope is a compact EUV imager onboard the Proba 2 PROBA2 mission that will observe the Sun in extreme ultraviolet EUV . SWAP will provide images of the solar corona at a temperature of roughly 1 million degrees. This instrument was built upon the heritage of the Extreme ultraviolet Imaging Telescope Extreme ultraviolet Imaging Telescope EIT which monitors the solar corona since 1996. SWAP will continue the systematic CME coronal mass ejection watch program at an improved image cadence typically 1 image every minute . With this higher cadence, SWAP will monitor events in the low solar corona that might be relevant for space weather. These events include EIT waves global waves propagating across the solar disc from the CME eruption site , EUV dimming regions transient coronal holes from where the CME has lifted off and filament instabilities a specific type of flickering during the rise of a filament . SWAP will also take advantage of offpointings provided by the agility featured of Proba 2 PROBA2 platform to follows coronal mass ejections. SWAP was built at the fr Centre spatial de Li ge Centre Spatial de Liege and will be operated from the PROBA 2 Science Center at the Royal Observatory of Belgium . References Reflist Satellite and spacecraft instruments External links http swap.sidc.be SWAP home pages Category Embedded systems Category Spacecraft instruments space stub nl SWAP ... more details
Infobox film name The Swap image image size caption director John Shade producer writer John C. Broderick screenplay narrator starring See below music Bill Conti cinematography lex Phillips Jr. editing distributor released 1979 runtime 83 minutes country USA language English budget gross preceded by followed by website The Swap is a 1979 American film directed by John Shade . The film is also known as Line of Fire American video title . Plot summary Empty section date March 2010 Cast Phyllis Black as Marge Lisa Blount Tony Brande Anthony Charnota as Vito Nicoletti Terrayne Crawford as Carol Robert De Niro as Sammy Nicoletti Alvin Hammer Martin J. Kelley as Mitch Jarred Mickey as Andrew Viva Warhol superstar Viva Jennifer Warren as Erica External links IMDb title id 1325031 title The Swap Internet Archive film id TheSwap name The Swap DEFAULTSORT Swap Category 1979 films Category American films Category 1970s drama films Category 1970s crime films Category English language films drama film stub ... more details
Swap Shop may refer to Tradio Multi Coloured Swap Shop 1976 1982 , a BBC One Saturday morning television programme Basil s Swap Shop , a 2008 relaunch of the BBC show, starring puppet character Basil Brush Swap Shop ABC program Swap Shop ABC program , an Australian Broadcasting Corporation children s television programme broadcast in 1990 The Fort Lauderdale Swap Shop , Florida, a 14 screen drive in theater complex and flea market disambig ... more details
Amortising swap is usually an interest rate swap in which the notional principal for the interest payments declines during the life of the swap, perhaps at a rate tied to the prepayment of a mortgage or to an interest rate benchmark such as the London Interbank Offered Rate Libor . If the swap allows for uncertain contingent ups and downs in the notional principal, it is called a roller coaster swap . The opposite of the accreting swap . References Mark Rubinstein Rubinstein on Derivatives. Futures, Options and Dynamic Strategies 1999 ISBN 1899332537 http www.investopedia.com terms i indexamortizingswap.asp Index Amortizing Swap Category Interest rates ... more details
orphan date August 2008 In finance, swap spread is a popular way to indicate the credit spreads in a market. It is defined as the spread paid by the fixed rate payer of an interest rate swap over the rate of the On the run finance on the run US Treasury treasury with the same maturity as the swap. For example, if the fixed rate of a 5 year swap is 7.26 and the 5 year Treasury is yielding at 6.43 , the swap spread is 7.26 6.43 83 basis point bps . Swap spread became a popular indication of credit spread in Europe during the 1990s. Category Financial markets finance stub ... more details
Refimprove date October 2009 Swap rate is the fixed rate that makes the market value of a given swap at initiation zero. They are the borrowing rates between financial institution s, usually with credit rating s of A AA equivalent. Swap rates are calculated using the fixed rate leg of interest rate swap s. Swap rates form the basis of the swap curve also known as the par curve or LIBOR curve . In most emerging markets with underdeveloped government bond markets, the swap curve is more complete than the treasury yield curve, and is thus used as the benchmark curve. ref citebook title International capital markets developments, prospects, and key policy issues publisher International Monetary Fund first1 Donald J last1 Mathieson first2 Garry J last2 Schinasi ISBN 1557759499 ref References refs Category Finance finance stub ... more details
Swap regret is a concept from game theory . It is a generalization of regret in a repeated, n decision game. Definition A player s swap regret is defined to be the following math mbox swap regret sum i 1 n max j leq n frac 1 T sum t 1 T x t i cdot p t j p t i . , math Intuitively, it is how much a player could improve by switching each occurrence of decision i to the best decision j possible in hindsight. The swap regret is always nonnegative. Swap regret is useful for computing correlated equilibrium correlated equilibria . References unreferenced date July 2008 Category Game theory maths stub ... more details
Other uses Swap disambiguation Expert subject Business and Economics date November 2008 Financial markets In finance, a swap is a derivative finance derivative in which counterparty counterparties trade ..., in the case of a swap involving two Bond finance bonds , the benefits in question can be the periodic ... of the swap. The swap agreement defines the dates when the cash flows are to be paid and the way ... hull David Swensen , a Yale Ph.D. at Salomon Brothers, engineered the first swap transaction according ... Swaps and Derivatives Association ISDA . Swap market Most swaps are traded Derivative finance ... flow generated by a swap is equal to an interest rate times that notional amount, the cash flow ... is also a cash flow measure. The majority of this USD 292.0 trillion was due to interest rate swap ... swap markets are dwarfed by the interest rate swap market. All three markets peaked in mid 2008. br ... return of a swap, an economic statistic, etc. The most important criterion is that it comes ... of swaps, in order of their quantitative importance, are interest rate swap s, currency swaps, credit swaps, commodity swap s and equity swap s. There are also many other types. Interest rate swaps main Interest rate swap File Vanilla interest rate swap with bank.png 400px right thumb A is currently .... By entering into an interest rate swap, the net result is that each party can swap their existing obligation for their desired obligation. Normally the parties do not swap payments directly, but rather, each sets up a separate swap with a financial intermediary such as a bank. In return for matching the two parties together, the bank takes a spread from the swap payments. The most common type of swap is a plain Vanilla interest rate swap. It is the exchange of a fixed rate loan to a floating rate loan. The life of the swap can range from 2 years to over 15 years. The reason for this exchange ... floating when it wants fixed. This is where a swap comes in. A swap has the effect of transforming a fixed ... more details
Refimprove date October 2008 Context date October 2009 An asset swap is an exchange of tangible asset s for intangible asset s or vice versa. Since it is a swap of assets, the procedure takes place on the active side of the balance sheet and has no impact on the latter in regards to volume. As an example, a company may sell equity and receive the value in cash thus increasing liquidity. A company often utilizes this method when in need for money to invest internal financing or to pay off debts. In finance , the term asset swap has a particular meaning ref cite web title Asset Swap Investopeida url http www.investopedia.com terms a assetswap.asp publisher Investopedia accessdate 2009 04 23 ref . When one refers to an asset swap, one has in mind the exchange of the flow of payments from a given security the asset for a different set of cashflows. An example of this is where an institution swaps the cashflows on a Treasury U.S. Government Bond for LIBOR minus a spread say 20 basis points . Such swaps usually have stub period s in order to bring the chronology of the cashflows into line with that of the underlying bond. See also Government debt Interest Swap finance References references DEFAULTSORT Asset Swap Category Financial accounting finance stub de Asset Swap zh ... more details
Multiple issues refimprove December 2009 The Life Swap memorializes the adventures of writer Nancy Weber after she put an ad in The Village Voice offering to trade places friends, families, lovers, work, and breakfast preferences with a stranger. Originally published by Dial Press in 1974, The Life Swap came back into print in 2006 through self publishing and print on demand press iUniverse. ref http www.guardian.co.uk lifeandstyle 2006 jan 15 features.woman8 The Guardian ref References Reflist bio book stub DEFAULTSORT Life Swap Category 1974 books ... more details
refimprove date July 2010 Infobox VG title Super Swap image File SuperSwap CoverArt.jpg caption developer Teyon publisher Teyon designer released vgrelease NA June 21, 2010 PAL January 7, 2011 genre Puzzle game Puzzle modes Single player ratings vgratings ESRB Everyone PEGI 3 platforms Nintendo DSi DSiWare media Download Super Swap is an action puzzle game developed by Teyon for the Nintendo DSiWare . It is available in the Nintendo DSi Shop for 500 Nintendo DSi Points. ref http dsiware.nintendolife.com news 2010 06 teyons super swap confirms research into matching coloured gems http dsiware.nintendolife.com news 2010 06 teyons super swap confirms research into matching coloured gems Super Swap announcement on Nintendo Life ref Gameplay File SuperSwap Screen1.jpg right thumb upright 176px A gameplay screenshot of Super Swap presenting the mechanics. Super Swap is an arcade puzzle game with elements of a match 3 genre. Blocks fall from the top of the upper screen to the bottom of the touch ... directions. Dragging enables the player to swap blocks and as the result to remove pieces off the board ... only when a player makes a swap or match. Speed mode blocks are falling down from the top of the screen ... reach the top of the upper screen. ref http www.teyon.com games super swap dsi http www.teyon.com games super swap dsi Game modes at Super Swap site ref Reception Super Swap received an overall score of 8 10 from Nintendo Life ref http dsiware.nintendolife.com reviews 2010 06 super swap dsiware http dsiware.nintendolife.com reviews 2010 06 super swap dsiware Super Swap s review on Nintendo Life ref and a 26 30 from Wiiloveit.com. ref http www.wiiloveit.com games super swap dsiware review Wiiloveit.com Super Swap Review ref See also Robot Rescue Ball Fighter 101 MiniGolf World 1001 Crystal Mazes Collection 101 Shark Pets References reflist External links http www.teyon.com games super swap dsi Super Swap s site at Teyon.com Category 2010 video games Category DSiWare games Category Nintendo ... more details
for the plot device used in fiction body swap Refimprove article date May 2009 A swap body or swop body is a standard freight Intermodal container container for road and rail transport. Basic standardization is set with Euronorms EN 283, EN 284 and EN 452 for construction and design, as well as EN 13044 for marking and identification. The panel responsible for developing standards is CEN TC 119. The outcome of this panel has not yet provided any contribution to automation, as handling the swap bodies is a traditional haulage business with truck drivers involved. File Swap Body Carl Harz.jpg thumb right Swap Body or Demountable Body The design of swap bodies is optimized to minimize empty weight, saving on initial purchase cost less materials required to manufacture and on trucking fuel cost less dead weight to be transported . As a consequence, swap bodies are not stackable or liftable, unlike the more widespread Intermodal container shipping containers ISO containers . This makes them ... of swap bodies with a hard surface instead of curtains and tarpaulins is increasing. Swap bodies ... used in Europe are typically manufactured in China, whereas swap bodies are made in Europe central ... and increased cargo capacity. Swap bodies often have the same external width of corner fittings ... convert 0.8 x 1.2 m in 1 abbr on disp without leaving empty space. Many swap bodies are fitted with four up folding legs under their frame, to make it possible to change or swap their body from one carriage to another, or to leave the swap body at a destination, without using a Container crane crane or Hydraulic hooklift hoist hoist ??? . Special swap bodies may have more doors or sliding panels ... and easier. Many swap bodies are fitted with key hole tracking to house a range of extras such as shoring ... in certain container ship s and container marshalling yard s to hoist swap bodies from topside. All swap bodies are subject to extensive non destructive in most cases testing, some in house others ... more details
immediately, since there is no need to wait for recovery to be determined, whereas a recovery swap ... DEFAULTSORT Recovery Swap Category Bonds ja ... more details
. In discard mode, the driver selects the best method. ref name nexe 0 Cite web title Swap Chains publisher neXe url http nexe.gamedev.net directKnowledge default.asp?p Swap 20Chains accessdate ... more details
Citations missing date February 2008 Context date February 2008 A commodity swap is an agreement where by a floating or market or spot price based on an underlying commodity is exchanged for a fixed price over a specified period. A Commodity swap is similar to an Fixed Floating Interest rate swap. The difference is that in an Interest rate swap the floating leg is based on standard Interest rates like LIBOR, EURIBOR etc but in a commodity swap the floating leg is based on the price of underlying commodity like Oil, Sugar etc. No Commodities are exchanged during the trade. In this swap, the user of a commodity would secure a maximum price and agree to pay a financial institution this fixed price. Then in return, the user would get payments based on the market price for the commodity involved. On the other side, a producer wishes to fix his income and would agree to pay the market price to a financial institution, in return for receiving fixed payments for the commodity. The vast majority of commodity swaps involve oil . Category Commodities market econ term stub lt aliav apsikeitimo sandoris ... more details
context date March 2009 An exchange rate of the Share finance shares of the companies that would undergo a Mergers and acquisitions merger . This is calculated by the valuation of various assets and liabilities of the merging companies. ref http special loans.com dictionary.asp?t swap ratio ref The swap ratio determines the control that each group of shareholder s of the companies shall have over the combined firm. It is an indicator of Relative Values relative values of financial and strategic results of the company. See also Risk arbitrage Equity swap High yield debt Junk bonds References reflist Category Derivatives finance Category Finance articles needing expert attention finance stub ... more details
A dividend swap is an over the counter finance over the counter financial derivative contract in particular a form of swap finance swap . It consists of a series of payments made between two parties at defined intervals over a fixed term e.g., annually over 5 years . One party the holder of the fixed leg will pay its counterparty a pre designated fixed payment at each interval. The other party the holder of the floating leg will pay its counterparty the total dividend s that were paid out by a selected underlying , which can be a single company , a basket finance basket of companies, or all the members of an index finance index . The payments are multiplied by a notional value notional number of shares. ref name dividend swap primer Cite web first Aaron last Brask publisher Barclays accessdate 6 Feb 2011 url http www.scribd.com doc 19586725 Barclays Capital Dividend Swap Primer title Dividend Swap Primer ref Like most swaps, the contract is usually arranged such that its value at signing is zero. This is accomplished by making the value of the fixed leg equal to the value of the floating leg in other words, the fixed leg will be equal to the average expected dividends over the term of the swap. Therefore the fixed leg of the swap can be used to estimate market forecasts of the dividends that will be paid out by the underlying. ref name dividend swap primer History Dividend swaps are relatively new financial instruments originating in the early 2000s. They were associated with the development of equity linked note s ELNs and structured note s which had become popular in the 1990s. ELNs and structured notes reflect capital appreciation alone and do not include gains from dividends and dividend reinvestment in order to avoid taxation issues and other complications in the contract ... dividend payments and demand emerged for instruments that would swap these volatile income streams into fixed payments, giving rise to the dividend swap. ref name dividend swaps a to z Cite web first ... more details
Unreferenced stub auto yes date December 2009 A basis swap is an interest rate swap which involves the exchange of two floating rate financial instrument s. A floating floating interest rate swap under which the floating rate payments is referenced to different bases. Usage of basis swaps for hedging Basis risk occurs for positions that have at least one paying and one receiving stream of cash flows that are driven by different factors and the correlation between those factors are less than one. Entering into a Basis Swap may offset the effect of gains or losses resulting from changes in the basis, thus reducing basis risk. Trading in PRDC usually involves using Basis Swaps to hedge against basis risk between JPY LIBOR and EUR LIBOR yields. Hence basis swaps can be used to hedge. against exposure to currency fluctuations for example, 1 mo USD LIBOR for 1 mo GBP LIBOR against one index in the favor of another for example, 1 mo USD T bill for 1 mo USD LIBOR different points on a yield curve for example, 1 mo USD LIBOR for 6 mo USD LIBOR Basis swaps in energy commodities In energy markets, a basis swap is a swap on the price differential for a product and a major index product e.g. Brent Crude or Henry Hub gas . See also Interest rate swap Derivatives market Unreferenced date October 2010 DEFAULTSORT Basis Swap Category Derivatives finance Economics stub ... more details
A clothing swap is a type of swapmeet wherein participants exchange their valued but no longer used clothing for clothing they will use. Clothing swaps are considered not only a good way to declutter and refill one s wardrobe, but also are considered an act of environmentalism. The notion of swapping is not a new concept however, many groups and organizations exist that hold clothing swaps, in a variety of sizes, to raise money and clothes for charitable donations Citation needed date March 2009 Clothes swapping originated in the United States in the late nineties. Citation needed date March 2009 http www.clothingswap.com The Clothing Swap , in San Francisco, has hosted more than 175 Clothing swap events over the past 15 years. The founder, Suzanne Agasi, began hosting clothing swaps in 1994 with friends in her apartment. The events grew and now the swaps average 150 200 swappers ref http www.clothingswap.com suzanne agasi suzanne agasi.htm ref . COI date September 2010 In Australia, http www.clothingexchange.com.au Clothing Exchange Home.html The Clothing Exchange was launched in 2004 ref www.clothingechange.com.au ref . Developed as part of an RMIT master s thesis by Kate Luckins nee Pears , The Clothing Exchange is now run as a social enterprise by Kate Luckins and Juliette Anich ref www.clothingechange.com.au ref A Canadian non profit organization called The S.W.A.P. Team organizes and facilitates large scale clothing swaps partnered with charities that accept the leftover clothing at the end of the swap. Online clothing swap Online clothes swapping has also become popular, with websites offering an environmentally friendly and frugal alternative to shopping. See also Online clothing swap Collaborative consumption Swishing References references DEFAULTSORT Clothing Swap Category Recycling Category Charity fundraisers ta fashion stub ... more details
a talk time of up to 200 minutes and up to 110 hours on standby. sWaP released a new model called the sWaP Rebel on December 2010 at a price of 189.99 including VAT and it s sold on Amazon.com ... Web Site http www.s w a p.co.uk models model sWaP Classic http www.phoneblog.com cell phone news swap classic smart watch and phone SWAP Classic Smart Watch And Phone http www.amazon.co.uk Classic Watch Unlocked Mobile Camera dp B004BIVRF4 Amazon.co.uk http www.engadget.com 2010 12 13 swap rebel watch phone laughs at your wrist mounted ipod nano Swap Rebel watch phone laughs at your wrist mounted iPod nano DEFAULTSORT sWaP Classic Category Watch phones ... more details
Foreign Exchange A currency swap is a foreign exchange agreement between two parties to exchange aspects ... ref A currency swap should be distinguished from a central bank liquidity swap . Structure ... , and are closely related to interest rate swap s. However, unlike interest rate swaps, currency ... ways in which currency swaps can exchange loans The most simple currency swap structure is to exchange ... swap is also known as an FX swap. ref name ICAEW cite book title Financial Management Study ... edition second year 2008 origyear 2007 isbn 978 1 84152 569 3 ref Another currency swap structure is to combine the exchange of loan principal, as above, with an interest rate swap. In such a swap ... rate swap vanilla interest rate swap because they are denominated in different currencies. As each party effectively borrows on the other s behalf, this type of swap is also known as a back to back loan. ref name ICAEW Last here, but certainly not least important, is to swap only interest payment cash flows on loans of the same size and term. Again, as this is a currency swap, the exchanged cash flows are in different denominations and so are not netted. An example of such a swap is the exchange ... rate interest payments in Euro. This type of swap is also known as a cross currency interest rate swap, or cross currency swap. ref http www.isda.org educat faqs.html 22 ref Uses Currency swaps have ... , and then get the principal in the currency they desire with a principal only swap . History Currency ... the global financial crisis of 2008 , the currency swap transaction structure was used by the United States Federal Reserve System to establish central bank liquidity swap s. In these, the Federal Reserve ... Story STIStory 296838.html title Fed swap line for S pore publisher The Straits Times date 2008 10 ... at the current prevailing market exchange rate & agree to reverse the swap at the same exchange ... 04 13 fed foreign currency swap lines ref The People s Republic of China has multiple year currency ... more details
Unreferenced stub auto yes date December 2009 A stock swap , also known as a share swap , is a business takeover or acquisition in which the acquiring company uses its own stock to pay for the acquired company. Each shareholder of the newly acquired company receives a certain number of shares of the acquiring company s stock for each share of stock they previously held in the acquired company. Sometimes some shareholders are required to wait for an agreed upon period of time before they are allowed to sell their new shares of stock. Alternatively, it is a method of exercising stock option s where shares that the holder already owns are used to buy new shares at the exercise price . It is one of the poison pill strategies used to avoid a hostile takeover bid by another company. DEFAULTSORT Stock Swap Category Mergers and acquisitions Econ stub el ja ru ... more details
Foreign Exchange In finance , a forex swap or FX swap is a simultaneous purchase and sale of identical amounts of one currency for another with two different value dates normally spot to forward . ref Reuters Glossary http glossary.reuters.com index.php?title FX Swap. ref see Foreign exchange derivative . Structure A forex swap consists of two legs a spot foreign exchange transaction, and a forward foreign exchange transaction. These two legs are executed simultaneously for the same quantity, and therefore offset each other. It is also common to trade forward forward , where both transactions are for different forward dates. Uses By far and away the most common use of FX swaps is for institutions to fund their foreign exchange balances. Once a foreign exchange transaction settles, the holder is left with a positive or long position in one currency, and a negative or short position in another. In order to collect or pay any overnight interest due on these foreign balances, at the end of every day institutions will close out any foreign balances and re institute them for the following day. To do this they typically use tom next swaps, buying or selling a foreign amount settling tomorrow, and then doing the opposite, selling or buying it back settling the day after. The interest collected ... count convention The forward points or swap points are quoted as the difference between forward and spot ... 1 sub and r sub 2 sub are small. Thus, the absolute value of the swap points increases when the interest rate differential gets larger, and vice versa. Related instruments A forex swap should not be confused with a currency swap , which is a much rarer, long term transaction, governed by a slightly different set of rules See also Currency swap Overnight index swap Foreign exchange market Interest rate swap References reflist 1 Derivatives market Category Derivatives finance Category Foreign exchange market Category Interest rates econ stub da Swap valuta de Devisenswap fr Change terme ja ... more details
Unreferenced date December 2009 An equity swap is a financial derivative contract a swap finance swap where a set of future cash flows are agreed to be exchanged between two counterparties at set dates in the future. The two cash flows are usually referred to as legs of the swap one of these legs is usually pegged to a floating rate such as LIBOR . This leg is also commonly referred to as the floating leg . The other leg of the swap is based on the performance of either a share of stock or a stock market index . This leg is commonly referred to as the equity leg . Most equity swaps involve a floating leg vs. an equity leg, although some exist with two equity legs. An equity swap involves a notional amount notional principal , a specified tenor finance tenor and predetermined payment intervals. Equity swaps are typically traded by Delta One trading desks. Examples Parties may agree to make periodic payments or a single payment at the maturity of the swap bullet swap , the worst case. Take a simple index swap where Party A swaps 5,000,000 at LIBOR 0.03 also called LIBOR 3 basis point s against 5,000,000 FTSE to the 5,000,000 notional . In this case Party A will pay to Party B a floating interest rate LIBOR 0.03 on the 5,000,000 notional and would receive from Party B any percentage increase in the FTSE equity index applied to the 5,000,000 notional. In this example, assuming a LIBOR rate of 5.97 p.a. and a swap tenor of precisely 180 days, the floating leg payer equity receiver ... once he sells his position. However, using an equity swap the investor can pass on the negative ... enters into an equity swap deal wherein he agrees to pay Party B the return on his shares against LIBOR ... hedging the client s position with the underlying asset. For example, the client may trade a swap ... for difference Derivatives market DEFAULTSORT Equity Swap Category Derivatives finance de Equity Swap es Equity swap ... more details
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