what is swap long and swap short in forex
Foreign exchange swap Once a foreign exchange transaction settles, the holder is left with a positive (or "long") position in one currency and a negative (or "short") position in another. In order to collect or pay any overnight interest due on these foreign balances, at the end of every day institutions will close out any foreign balances and re-institute them for the following day. To do this they typically use "tom-next" swaps, buying (or selling) a foreign amount settling tomorrow, and then doing the opposite, selling (or buying) it back settling the day after.
Kinematic pair A lower pair is an ideal joint that constrains contact between a surface in the moving body to a corresponding surface in the fixed body. A lower pair is one in which there occurs a surface or area contact between two members, e.g. nut and screw, universal joint used to connect two propeller shafts. Cases of lower joints: