In order to help you prepare for the securities investment fund, we have compiled the relevant test sites for securities investment funds. The relevant contents of the Exchange Contract have been sorted out for your reference and study. More fund test sites can be found in the fund qualification examination APP or the Greek network applet.

Swap contract is one of the test sites for securities investment funds and the qualification examination for fund practitioners. Candidates will get twice the result with half the effort by mastering and integrating this test center.

I. Overview of swap contracts

1. A swap contract refers to a contract in which both parties agree to exchange assets of a contract in a certain period in the future. More precisely, a swap contract refers to a contract in which two parties exchange cash flows that they think are of equal economic value in a certain period in the future.

★2. Two common contracts are interest rate swap, currency swap, equity swap and credit default swap.

Two. Types of swap contracts

(1) interest rate swap

1. Interest rate swap refers to the interest determined by the nominal principal amount paid to the other party by installments in the same currency according to different interest calculation methods within the agreed period.

2. There are two forms of interest rate swap:

1 coupon exchange;

2 basic interchange

(2) Currency swap

1. Currency swap means that both parties to the swap contract agree to pay the interest determined by the equivalent principal amount of different currencies to each other in installments according to the same or different interest calculation methods within the agreed period, and exchange the principal at the beginning and the end.

2. Currency swap can be divided into three forms:

1 fixed pair fixed; 2 fixed pair floating; 3 floating pair floating.

Three, the difference between forward contract, futures contract, option contract and swap contract.