A swap contract is defined as an agreement between two parties to exchange:

A swap contract is defined as an agreement between two parties to exchange:

A predetermined quantity of a financial asset at a predetermined price on a specified date.

An agreed upon amount of a financial asset for cash at a specified rate on a specified date.

Goods on a future specified date with the quantity and price determined today.

Specified cash flows at specified intervals in the future.

Financial assets, at the option of the buyer, on a specified date at the price determined today.