Self Help Documentation
Are swaps similar to futures or options?
No. While all are derivatives, the key differences are:
| Feature | Swaps | Futures/Options |
| Trading Venue | OTC (private contracts) | Exchange-traded (NSE/BSE) |
| Standardized | No | Yes |
| Margin System | Negotiated terms | Regulated margin requirement |
| Retail Access | No (India) | Yes |