Exchanging swag in very quiet setting (8)
I believe the answer is:
swapping
'exchanging' is the definition.
(swapping is a kind of exchanging)
'swag in very quiet setting' is the wordplay.
I cannot really see how this works, but
'in' is present in the answer.
'quiet' could be 'pp' (music symbol for 'pianissimo') and 'pp' is located in the answer.
The remaining letters 'swag' is a valid word which might be clued in a way I don't understand.
This explanation may well be incorrect...
Can you help me to learn more?
(Other definitions for swapping that I've seen before include "Exchanging for something" , "Changing" , "Trading" .)