Swaps are a type of derivative. They are exchanged outside of the stock market as OTC-trades.

There are different types of swaps - including credit default swaps, dividend-swaps, total return swaps, asset swaps and interest rate swaps.

What all swaps have in common is that future liabilities and assets are exchanged between two parties, or «swapped». A swap can be used to protect investments or to minimize financial risk.

Unlike futures, forwards and other investment vehicles which operate within a fixed time frame, swaps do not have fixed exchange dates. It’s also worth noting that a swap is never actually «physically» paid out.

More information:
Trading comparison tool
Buying structured products
How to buy stocks
Interest rate swaps

Online trading brokers in comparison

Find the cheapest online broker now

Compare now
Trading platforms

Brokers with low fees

Swiss Broker


  • Swiss online bank

  • No additional exchange charges

  • No transaction fees for Swiss equities

Swiss Broker

Saxo Bank Switzerland

  • Swiss online bank

  • Favorable prices stock trading

  • High account interest rates

Swiss Broker


  • Swiss online bank

  • No custody fees for stocks

  • Free market research and trading signals

Wealth managers in comparison

Find the most favorable wealth management now

Compare now for free
Expert Felix Oeschger
Felix Oeschger is an analyst and expert at moneyland.ch. He is responsible for several core topics.