This article or section is in need of attention from an expert on the subject.
WikiProject Business and Economics or the Business and Economics Portal may be able to help recruit one.
If a more appropriate WikiProject or portal exists, please adjust this template accordingly.
In finance, a swap is a derivative, where two counterparties exchange one stream of cash flows against another stream. These streams are called the legs of the swap. The cash flows are calculated over a notional principal amount. Swaps are often used to hedge certain risks, for instance interest rate risk. Another use is speculation.