Swapügyletek

Swapügyletek, often translated as "swap agreements" or "exchange transactions," refers to financial contracts where two parties agree to exchange a series of cash flows or other financial instruments over a specified period. These agreements are typically used to manage financial risks, hedge against interest rate or currency fluctuations, or gain access to different markets or funding sources.

The most common type of swapügyletek involves interest rate swaps, where one party exchanges fixed interest rate payments for floating interest rate payments from the other party, or vice versa. Currency swaps are another prevalent form, allowing entities to exchange principal and interest payments in different currencies, thereby mitigating foreign exchange risk. Other variations include commodity swaps, credit default swaps, and equity swaps, each tailored to specific financial needs.

Swapügyletek are generally traded over-the-counter (OTC), meaning they are customized agreements negotiated directly between two parties rather than being traded on a public exchange. This OTC nature allows for flexibility in structuring the terms of the swap to meet the unique requirements of the participants. However, it also means that swapügyletek carry counterparty risk, the risk that one party to the agreement will default on its obligations. Regulatory efforts have been implemented to increase transparency and reduce systemic risk associated with these instruments.