ACI
3I0-012 · Question #502
A payer's 3-month USD LIBOR swap with a remaining term of five years must be reported as:
The correct answer is A. a five-year liability and a three-month asset. See the full explanation below for the reasoning.
Question
A payer's 3-month USD LIBOR swap with a remaining term of five years must be reported as:
Options
- Aa five-year liability and a three-month asset
- Ba five-year asset and a three-month liability
- Ca five-year asset only
- Da three-month liability only
How the community answered
(43 responses)- A74% (32)
- B7% (3)
- C16% (7)
- D2% (1)
Community Discussion
No community discussion yet for this question.