1. A prearranged exchange of items, services, or positions between two or more parties, typically agreed upon in advance
The two employees made an arranged swap of their work shifts.
Os dois funcionários fizeram uma troca combinada de seus turnos de trabalho.
2. In finance, a derivative contract where two parties exchange financial instruments or cash flows according to predetermined terms
The banks entered into an arranged swap of currencies to hedge their exposure.
Os bancos entraram em uma troca combinada de moedas para se protegerem de riscos.