Swap assignment

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Swap assignment

Related: Swap sale

Swap Assignment

A swap in which one party pays a leg to the counterparty, then assigns the other leg to a third party. Thus, the first party steps out of the deal, receiving or paying the net amount of the deal. It is also called a swap sale or swap novation.
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Bryant asked to swap assignments with Derek Fisher, taking Westbrook and leaving Thabo Sefolosha to Fisher.
Lina and Doon decide to swap assignments, forging a friendship which blossoms when the youngsters discover coded papers that could save Ember and its inhabitants.