For an Ordinary Interest Rate Swap Already in Place,if Counterparty

question 65

Multiple Choice

For an ordinary interest rate swap already in place,if counterparty A's obligation for one year is $100 000 and counterparty B's obligation is $120 000:

• A) counterparty A will pay counterparty B $20 000
• B) counterparty A will pay counterparty B $100 000
• C) counterparty B will pay counterparty A $20 000
• D) counterparty B will pay counterparty A $120 000

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Definitions:

Doctrine Of Quasi Contract

An equitable legal concept implying a contract exists for fairness, despite no actual agreement between parties, to prevent unjust enrichment.

Performance Of A Contract

The execution of the duties and obligations as specified in a legal contract by the parties involved.

Compliance

The act of adhering to and following laws, regulations, standards, and ethical practices set by regulatory bodies or institutions.

Price Changes

Variations in the cost of goods or services over time, influenced by factors such as supply and demand, inflation, and market competition.