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What is a Swap?

April 26, 2017swap

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What is a Swap?

2 Answers

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A swap is a privately negotiated agreement between two parties to exchange cash flows at specified intervals (payment dates) during the agreed-upon life of the contract (maturity or tenor). Entering a swap typically does not require the payment of a fee.

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A Swap is a group of people who organize on the internet to exchange items through the postal mail (or sometimes, email). Items are usually hand-assembled, cheap (but rich with craftsmanship and care) and can include letters, postcards, mail art, crafts, gifts, or anything else you can think of! The type of swapping done on Swap-bot is mostly done for fun and is hobby- or craft-oriented. Swap-bot swaps are usually not direct one-on-one swap deals or trades. Swapping is a great way to meet new people online and form friendships with people from all over the world!