ACI Operations Certificate challenging 3I0-013 Question # 123 Topic 1 Discussion

ACI Operations Certificate challenging 3I0-013 Question # 123 Topic 1 Discussion

3I0-013 Exam Topic 1 Question 123 Discussion:
Question #: 123
Topic #: 1

Which of the following statements best describes an asset swap?


A.

A combination of a fixed rate bond and a fixed/floating interest rate swap


B.

An option on fixed/floating interest rate swap


C.

The sale of a bond against cash with a simultaneous agreement to buy the bond at an agreed upon rate and date


D.

The sale of a fixed rate bond against the simultaneous purchase of a floating rate note


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