If a Financial Institution Agrees to Guarantee a Swap Agreement

question 56

Multiple Choice

If a financial institution agrees to guarantee a swap agreement negotiated between two of its customers,usually:

• A)it will mark the transaction as a deferred asset.
• B)it will mark the transaction as a deferred liability.
• C)it will mark the transaction as a contingent asset.
• D)it will mark the transaction as a contingent liability.
• E)it does not record the transaction in its books.

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