ACI Dealing Certificate 3I0-012 Question # 309 Topic 9 Discussion

ACI Dealing Certificate 3I0-012 Question # 309 Topic 9 Discussion

3I0-012 Exam Topic 9 Question 309 Discussion:
Question #: 309
Topic #: 9

What is an FX swap from spot?


A.

An exchange of two streams of interest payments in different currencies and an exchange of the principal amounts of those currencies at maturity


B.

A spot sale (purchase) and a forward purchase (sale) of two currencies agreed simultaneously between two parties


C.

An exchange of currencies on a date beyond spot and at a price fixed today


D.

An agreement to buy (sell) an amount of base currency value spot and simultaneously resell (buy back) the same amount to the same counterpart value today


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