Equity Swap Transaction - Equity Derivatives Provision
A handy catch-all term to make your confirmation somehow legible, although to use it you must forego many, many juicy as the case may bes. Equity Swap Transactions break into two main categories:
- Index Swaps: Transactions relating to one Index (Index Swap Transactions) or several indices (Index Basket Swap Transactions);
- Share Swaps: Transactions relating to one Share (Share Swap Transactions) or several shares (Share Basket Swap Transactions).