交换和前进之间的差异

交换和转发

Derivatives are special financial instruments that derive their value from one or more underlying assets. The changes in movements, in the values of the underlying assets, affect the manner in which the derivative is used. Derivatives are used for hedging and speculation purposes. The following article takes a closer look at two types of derivatives, the swaps and forwards, and clearly highlights how each type of derivative is different and similar to one another.

向前

远期合同是一份合同，承诺在指定的未来交付日期以合同中规定的价格交付基础资产。远期合同是非标准化的，可以根据进入合同的人的要求进行定制。因此，它们也不在正式交易所上进行交易，而是被交易为“柜台安全性”。期货合同充当双方必须履行的义务。它要么必须与物理和解协议，其中基础资产将以指定的价格交付，要么可以在到期时为衍生产品的市场价值进行现金和解。

For example, a Brazilian farmer of coffee beans can enter into a forward contract with Nestle to 100,000 pounds of coffee beans for $2 per pound on the 1st January 2010. A forward contract can benefit both farmer and Nestle company as it provides the farmer with an assurance that the coffee beans will be purchased at a previously agreed upon price, and will also benefit Nestle as they now know the cost of purchasing coffee in the future that can help them with their planning while also reducing any uncertainty in price fluctuations.

Swap

A swap is a contract made between two parties that agree to swap cash flows on a date set in the future. Investors generally use swaps to change their asset holding positions without having to liquidate the asset. For example, an investor that holds risky stock in a firm can exchange dividends returns for a lower risk constant income flow without selling off the risky stock. There are two common types of swaps; currency swaps and interest rate swaps.

利率互换是两方之间的合同，使他们能够交换利率支付。普通利率互换是固定的浮动互换，其中固定利率的贷款利息支付是交换带有浮动利率的贷款付款。当两个方交换现金流量以不同的货币交换现金流量时，就会发生货币交换。

What is the difference between Forward and Swap?

向前s and swaps are both types of derivatives that help organizations and individuals to hedge against risks. Hedging against financial loss is important in volatile market places, and forwards and swaps provide the buyer of such instruments the ability to guard against risk of making losses. Another similarity between swaps and forwards is that both are not traded on organized exchanges. The major difference between these two derivatives is that swaps result in a number of payments in the future, whereas the forward contract will result in one future payment.

• Derivatives are special financial instruments that derive their value from one or more underlying assets. Forwards and swaps are both types of derivatives that help organizations and individuals hedge against risks.

• A forward contract is a contract that promises delivery of the underlying asset, at a specified future date of delivery, at an agreed upon price stated in the contract.

• A swap is a contract made between two parties that agree to swap cash flows on a date set in the future.

• The major difference between these two derivatives is that swaps result in a number of payments in the future, whereas the forward contract will result in one future payment.