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LOS a, (Part 2): Explain how swaps are terminated.
Q1. All of the following are ways to exit a swap contract EXCEPT:
A) entering an offsetting swap with the original counterparty.
B) selling a swaption.
C) making a cash payment to the original counterparty.
Q2. An offsetting swap is a swap that:
A) reduces the credit risk of an earlier swap.
B) is opposite to an existing swap in cash flows.
C) reduces the principal amount of a swap.
Q3. The least likely way to terminate a swap agreement prior to expiration is to:
A) sell the swap.
B) make/receive a payment to/from the original counterparty.
C) exercise a swaption.
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发表于 2009-3-2 11:17
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