swap
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swap
A financial instrument in which two parties exchange future cash flows, such as interest payments or currencies, for a fixed period of time.
Die Bank nutzte einen Zinsswap, um sich gegen steigende Zinsen abzusichern.
The bank used an interest rate swap to hedge against rising interest rates.
'Swap' is a word from English and means 'Tausch' (exchange). In German, it is also pronounced the English way [swɔp]. The article is 'der Swap'.
Der Swap wurde zwischen den beiden Geschäftspartnern vertraglich geregelt.
The swap between the two business partners was regulated by contract.
You can recognize the meaning from the context. Terms like 'Zinsen' (interest), 'Währung' (currency), or 'Bank' point to the financial instrument. Words like 'Arbeitsspeicher' (working memory/RAM), 'Festplatte' (hard drive), or 'Betriebssystem' (operating system) point to the IT context.
Der Währungs-Swap half dem Unternehmen, Wechselkursrisiken zu reduzieren.
The currency swap helped the company reduce exchange-rate risks.
In both meanings, 'Swap' (swap) is a technical term. One meaning belongs to the world of finance, the other to information technology (IT). Outside these contexts, the word is hardly used.
Für Laien ist das Konzept eines Credit Default Swaps schwer zu verstehen.
For laypeople, the concept of a credit default swap is hard to understand.
In finance, people often speak of a 'Zinsswap' (interest rate swap) or a 'Währungsswap' (currency swap). Typical verbs in this context are 'abschließen' (to conclude/enter into) or 'vereinbaren' (to agree on).
Die beiden Unternehmen haben einen Swap über zehn Jahre abgeschlossen.
The two companies entered into a swap for ten years.
exchange
'der Austausch' and 'der Swap' both have to do with a change or exchange between two sides. 'der Austausch' is a normal German word and very general: it can be about goods, services, or other things. 'der Swap' is a technical term. In finance, it means the exchange of certain payments, for example interest or currencies. In computer science, it means moving data out of working memory. The words can be confused because 'Swap' often seems like 'Austausch'. In everyday language, 'Austausch' is usually more natural; 'Swap' mainly fits in technical or financial contexts.
Beim Termin erklärt die Bank, wie der Swap die Zinszahlungen der Firma verändert.
At the meeting, the bank explains how the swap changes the company's interest payments.
Der Austausch von Werkzeugen zwischen den Nachbarn klappt sehr unkompliziert.
The exchange of tools between the neighbors works very smoothly.