A contract to buy and sell currencies with spot (cash and carry) or forward contracts. The contract provides for the buying and selling to occur at different times; thus, each party acquires a currency it needs for a predetermined period of time at a predetermined price, and locks in a sales price for the currency as well.
SWAP
Meaning of SWAP in English
A guide to futures and options market technology English dictionary. Английский словарь-руководство по фьючерсам и опционам рыночных технологий . 2012