1. A financial or contractual exchange of assets, currencies, or obligations that has been agreed upon and scheduled in advance with fixed terms and conditions
The predetermined swap agreement locked in the exchange rate for the next fiscal quarter.
O acordo de troca predeterminada fixou a taxa de câmbio para o próximo trimestre fiscal.
2. In derivatives markets, an exchange of cash flows or assets between parties on a specified future date with conditions established beforehand
They entered into a predetermined swap to manage their interest rate exposure.
Eles realizaram uma troca predeterminada para gerenciar sua exposição à taxa de juros.